The Impact of AfCFTA on the European’s Trade Relations with Africa
The African Continental Free Trade Area (AfCFTA) is a landmark initiative to foster African economic integration. The AfCFTA’s main goal is to create the world’s largest free trade area by the number of participating countries.
AfCFTA holds significant implications not just for Africa, but also for the global economies, including Europe. As Europe continues to be one of Africa’s major trading partners, the creation of AfCFTA presents opportunities and challenges for European economies.
The key areas in which the European trade relations will be impacted by the AfCFTA has been summarized below: