Eritrea, Nigeria, Benin: Outsiders from Africa Free-Trade Zone, AfCFTA

0
528
Eritrea, Nigeria, Benin: Outsiders from Africa Free-Trade Zone, AfCFTA
Eritrea, Nigeria, Benin: Outsiders from Africa Free-Trade Zone, AfCFTA

A lot is being said and celebrated about the African Continental Free Trade Area, AfCFTA, in the wake of its maturity on Thursday (May 30).

The African Union, AU, initiative aims to create a continent-wide market of 1.2 billion people worth $2.5 trillion. Different African countries have made varying levels of commitment.

The unsigned group comprises three countries: Nigeria, Eritrea and Benin. In effect, fifty two of the AU’s 55 member states have signed the agreement to establish the free trade area since March 2018.

A notable exception of Nigeria, the largest economy on the continent, had raised eyebrows across the continent but the government insisted that it was conferring with stakeholders back home before committing to the deal.

Its former president Olusegun Obasanjo has been critical of the government’s decision. In the case of Eritrea and Benin, there has been no official reason for their continued silence on the deal.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



Photo Source