As of July 2018, the status of AU member states adherence to the African Continental FreeTrade Area Agreement #AcFTA. Help ensure your country signs and ratifies by January 2019 so the AfCFTA enters into force for the #TheAfricaWeWant. pic.twitter.com/xdimTIwRPT
— Moussa Faki Mahamat (@AUC_MoussaFaki) July 31, 2018
Once in force AfCFTA will be the largest trade zone in the world, increase intra-African trade by 52% by the year 2022, remove tariffs on 90% of goods, liberalise services and tackle other barriers to intra-African trade, such as long delays at border posts.
It will be one of the biggest free trade bloc in the world, maybe only behind the World Trade Organization (WTO).
The signing of the AfCFTA by heads of governments and or their representatives is only a step in chasing an ambitious dream of uniting Africa at the level of commerce.
Experts and watchers say, the real work is yet to take off, all things being equal. The fact that after all this while, some countries decided to hold on to ratification is not as much a setback but speaks to the challenges that lay ahead.