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AfCFTA clouded by virus and pace of talks

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The African Continental Free Trade Agreement (AfCFTA) was formally launched just over a year ago in a blaze of optimism.

It aims to phase out all tariffs on commerce on the continent of 1.2 billion people, a goal that backers say could give trade a mega-jolt as only 15 percent of trade by African nations is with continental neighbours compared to 70 percent with Europe.

"Everybody can see, objectively, nothing can be done on the 1st of July," AfCFTA's brand-new secretary general, Wamkele Mene of South Africa, told AFP.

Then there is the task of figuring out how AfCFTA should dovetail with eight existing regional organisations in Africa, such as ECOWAS and the six-nation East African Community (EAC).

"The regional economic communities remain, including the customs unions in Africa such as the EAC, ECOWAS and so on," said Mene.

Source: The East African

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