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African Continental Free Trade Area: Symptom of Potential Being Realised By Lord Waverley
The potential benefits of an African Free Trade Area (FTA) are undeniable, with the continent’s population due to reach 2.5 billion by 2050 — a figure that will account for more than a quarter of the world’s workingage people. At present, intra-African trade accounts for only 15 percent of Africa’s total trade — compared to Asia’s 58 percent. The FTA provides member countries with a huge local export market, often along neighbouring borders – but this has been hampered by import tariffs.
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