Monday 23 May 2022
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Continental free trade pact comes into effect June.

The continental free trade area will come into effect at the end of this month after two more countries ratified the agreement. The Saharawi Republic and Sierra Leone submitted their instruments of ratification to the African Union last week, making the African Continental Free Trade Area (AfCFTA) to attain the threshold for operationisation. This in theory implies that from July, Africans will be free to trade, work and move all over within the continent without restrictions as it is the case now. african union commission chairman moussa faki mahamat said that The AfCFTA Agreement will enter into force on May 30. Kenya was the second member to deposit the instruments of ratification at the AU headquarters in May 2018. All that is now left is for the African Union and African Ministers of Trade to finalise work on supporting instruments to facilitate the launch of the operational phase of the AfCFTA during an Extra-Ordinary heads of state and government summit slated for July 7.

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