List of African Countries That Signed the Free Trade Agreement
As of May 2019, 52 out of 55 African Union member countries have signed the African Continental Free Trade Agreement (AfCFTA). The agreement aims to create a single continental market for goods and services, with free movement of people and investments.
Here is a list of the 52 African countries that have signed the AfCFTA:
5. Burkina Faso
7. Cabo Verde
9. Central African Republic
13. Democratic Republic of Congo
14. Cote d`Ivoire
17. Equatorial Guinea
41. Sao Tome and Principe
44. Sierra Leone
46. South Africa
47. South Sudan
Three countries that have not yet signed the AfCFTA are Eritrea, Nigeria, and Benin. Eritrea has not joined the African Union and has therefore not signed the agreement. Nigeria and Benin have expressed concerns over the potential negative impact on their local industries and have not yet signed.
The AfCFTA is expected to boost intra-African trade by reducing tariffs and other trade barriers, thereby creating economies of scale and promoting economic growth. It is also expected to lead to job creation and poverty reduction across the continent.
In conclusion, the AfCFTA has been signed by the vast majority of African Union member countries, with only three countries yet to sign. It is hoped that the agreement will lead to increased trade and economic growth across the continent.