The African Continental Free Trade Area (AfCFTA) is expected to cause increases in export trade in Africa by 2035. For instance, compared to 2020, exports from the manufacturing sector are forecast to increase by 110 percent under AfCFTA initiatives, while agriculture trade might experience a growth of nearly 50 percent.
In May 2019, the AfCFTA agreement officially entered into force after 22 African countries had ratified it. The agreement sought to boost inter-regional trade.
Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector
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World Bank. (July 27, 2020). Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/
World Bank. "Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector." Chart. July 27, 2020. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/
World Bank. (2020). Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/
World Bank. "Growth of Export Trade in Africa Due to Intra-african Continental Free Trade Area (Afcfta) Implementations in 2035 Compared to 2020, by Sector." Statista, Statista Inc., 27 Jul 2020, https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/
World Bank, Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector Statista, https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/ (last visited November 18, 2024)
Growth of export trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector [Graph], World Bank, July 27, 2020. [Online]. Available: https://www.statista.com/statistics/1332365/impact-of-afcfta-on-export-trade-in-africa-by-sector/
