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Africa's tripartite free trade area set for launch in June

11 May 2015

The long-awaited tripartite free trade area (TFTA) between three regional blocs in Africa will be launched on June 10 in Egypt. The TFTA will bring together three regional groupings, namely SADC, Common Market for Eastern and Southern Africa (COMESA), and the East African Community (EAC) to create Africa's largest integrated market so far. It will benefit 600 million people in 26 African countries, or half of the African Union (AU) members, with a combined domestic product of about 1 trillion U.S. dollars. To deepen regional integration and boost intra-Africa trade, AU heads of state and government in 2012 decided to establish the continental free trade area (CFTA) by 2017.


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