Report Projects Higher Intra-African Trade Under Full AfCFTA Implementation
A new report estimates that full implementation of the African Continental Free Trade Area could raise intra-African commerce to 53 percent of total trade. The same analysis projects manufacturing sector growth and job creation across the continent by 2035.
SemaforIntra-African commerce could reach 53 percent of total trade if the African Continental Free Trade Area is fully implemented, according to a report released by the Mo Ibrahim Foundation. Current levels stand at 18 percent. The AfCFTA, which entered into force in May 2019, seeks to create the world’s largest single market by progressively eliminating tariffs on most goods.
The report noted that major mobility and connectivity hurdles remain, including limited ratification of the 2018 African Union’s Free Movement of Persons Protocol.
The report said full AfCFTA implementation could grow the continent’s manufacturing sector by $1 trillion, generate $470 billion in income, and create 14 million jobs by 2035. Only four countries—Mali, Niger, Rwanda, and São Tomé and Príncipe—have ratified the Free Movement of Persons Protocol, the report stated.
Key Facts
Story Timeline
2 events- May 2019
The AfCFTA came into force.
1 sourceSemafor - May 18, 2026
The Mo Ibrahim Foundation released its report on AfCFTA implementation.
1 sourceSemafor
Potential Impact
- 01
Manufacturing output across the continent could increase.
- 02
Additional countries may ratify the Free Movement of Persons Protocol.
Transparency Panel
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