The African Continental Free Trade Area (AfCFTA) must not be allowed to fall by the wayside, according to experts, after its launch was postponed by the coronavirus pandemic.
The AfCFTA, which was due to be implemented on July 1, will be the largest free trade area in the world, uniting 1.3 billion people in a $3.4 trillion economic bloc.
The AfCFTA, which was due to be implemented on July 1, will be the largest free trade area in the world, uniting 1.3 billion people in a $3.4 trillion economic bloc, and came after protracted negotiations between the leaders of 54 African nations. "Here in Kenya, we killed our textile industry because we import second-hand clothes from China and everywhere else. Now with the closure of borders, we cannot live without these products that we have become used to importing."
Like Birgen, she noted the shift in demand from textiles and garments to masks and health-related products, and suggested that other opportunities will also arise. A common qualm with intercontinental trade is that African nations extract and export raw materials, which are then manufactured into products elsewhere and shipped back with a substantial value addition.
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