Covid-19: What is at stake for the African Continental Free Trade Area?

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A WEBINAR which is part of a series of six dedicated solely to business leaders operating in Africa and organized by the Africa CEO Forum in partnership with the international law firm Asafo & Co takes place tomorrow.

With an expected US$ 3.4 trillion in wealth creation and targeted objective of 50 per cent intra-African trade by 2030, the African Continental Free Trade Area is positioning itself as a source of considerable hope for the private sector.

In the current context of COVID-19, the agreement is also seen as the “stimulus package” the continent can’t afford.

Since the new AfCFTA Secretary-general, Wamkele Mene, announced that the agreement will not come into force on July 1 as planned, doubts have arisen.

When and how is it going to be implemented? And what economic and legal changes can we foresee in terms of regional movements of goods and capital given the current disruptions?

Key points

  • What are the remaining legal considerations before the AfCFTA implementation?
  • What are the legal and economic consequences resulting from the postponement? 
  • Can AfCFTA be the African response to the crisis the continent needs?

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