The African Continental Free Trade Area (AfCFTA) is expected to cause increases in import trade in Africa by 2035. For instance, compared to 2020, imports from the manufacturing sector are forecast to increase by 137 percent under AfCFTA initiatives, while agriculture might experience a growth of 72 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 import 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 import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. "Growth of import 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 December 19, 2024. https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. (2020). Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector . Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. "Growth of Import 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/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank, Growth of import 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/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/ (last visited December 19, 2024)
Growth of import 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/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
