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New Trade Bloc: What is the AfCFTA Agreement?
Despite being neighbors, most countries in Africa trade
more with other continents than with each other - a peculiar leftover of colonialism that the
African Union (AU) has long been looking to change. Last year, the organization's member countries finally came together and agreed on the creation of one of the world's most expansive "free trade areas". The new zone, called the African Continental Free Trade Area (AfCFTA),
officially came into being on May 30, 2019, after a minimum threshold of 22 countries confirmed that they had copied its
2018 founding treaty into their national laws (a process called "ratification").