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CDH Insights on African Continental Free Trade Area

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CDH Insights on African Continental Free Trade Area

In this inaugural publication on the African Continental Free Trade Area, CDH experts provides their expert insights on various elements of the AfCFTA.

30 Jul 2021 1 min read AfCFTA Alert Article

At a glance

  • The African Continental Free Trade Area (AfCFTA) is the world's largest trade area, encompassing 54 African states with a population of 1.3 billion people and a combined GDP of $3.4 trillion.
  • Benefits for business players in Africa under AfCFTA include tariff reduction or elimination, removal of non-tariff barriers, free movement of employees and capital, investment protection, liberalized policies on competition and intellectual property, access to markets on favorable terms, and the creation of regional value chains.
  • The success of AfCFTA relies on promoting "Made in Africa" goods, establishing manufacturing capacity, and finalizing negotiations on Rules of Origin to ensure proper implementation and preference for African products. Effective dispute resolution mechanisms are also expected to improve trade governance in Africa.

In this inaugural publication on the African Continental Free Trade Area, CDH experts provide their insights on various elements of the AfCFTA spanning from competition, labour mobility, investments, and dispute resolution making it easier for African businesses to understand and unpack the benefits the AfCFTA holds for businesses on the continent.   

Click here to read the publication.

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2024 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com.

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