The continental agreement might be delayed by about six months due to the Covid-19 pandemic
The first commerce under an Africa-wide free-trade pact will provide new stimulus to countries on the continent to overcome the economic damage of the coronavirus, even if it could be delayed for about six months, says the most senior official of this agreement.
While the agreement entered into force legally in 2019, protocols for trade in goods, including tariff concessions, need to be agreed for its implementation and commerce to start on July 1. Disruptions caused by the pandemic have set negotiations back by two and a half months. When fully operational by 2030, it will be the world’s biggest free-trade zone by area, with a potential market of 1.2-billion people and a combined GDP of $2.5-trillion.
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