The Historical Evolution and Socio-Economic Potential of the AfCFTA
The African Continental Free Trade Agreement (AfCFTA) ushers in a significant reorientation of trade dynamics in Africa, away from the international trade framework that was established during colonial times and has lingered on to the present. The operational phase of the AfCFTA was formally launched on July 7, 2019, and commenced in January 2021, with 54 of 55 member states signing the agreement. This historic moment marked the largest number of countries to commit to a trade agreement since the World Trade Organisation was founded in 1995.
