This agreement operates with a clear decision-making process where decisions are made by a majority vote, with oversight from the African Union Assembly. The implementation of the agreement is managed by Senior Trade Officers and the AfCFTA Secretariat, who ensure that the terms of the agreement are properly carried out. Additionally, the agreement includes a conflict resolution mechanism, offering a system to mediate and settle disputes between the participating countries to ensure smooth and fair trade.

what is AfCFTA's Impact on African Trade?

UNECA predicts AfCFTA will boost intra-African trade by 52.3% after removing trade barriers. It’ll cover a $2.5 trillion GDP market, promoting more industrial goods over extractives. Currently, 75% of Africa’s external exports are extractives, compared to 40% for intra-African trade.

How AfCFTA Boosts Industry and Development?

It boosts industry and development in Africa by creating a unified market of over 1.3 billion people, encouraging local manufacturing, and reducing reliance on imports. It enhances infrastructure, makes exchanging easier, and attracts foreign investment. The agreement fosters innovation through competition and supports sustainable economic growth by diversifying economies, creating jobs, and driving long-term development across the continent.