Africa – Trade Associations
Directory Business, Industry and Trade Associations
In alphabetical order
African Continental Free Trade Area (AfCFTA)
The African Continental Free Trade Area (AfCFTA) agreement will create the largest free trade area in the world measured by the number of countries participating. The pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion. It has the potential to lift 30 million people out of extreme poverty, but achieving its full potential will depend on putting in place significant policy reforms and trade facilitation measures.
African Union (AU)
The African Union is a union consisting of 54 African states. The only all-African state not in the AU is Morocco. The AU was established on 26 May 2001 in Addis Ababa and launched on 9 July 2002 in South Africa to replace the Organisation of African Unity (OAU). The most important decisions of the AU are made by the Assembly of the African Union, a semi-annual meeting of the heads of state and government of its member states. The AU’s secretariat, the African Union Commission, is based in Addis Ababa, Ethiopia.
The World Bank In Africa
Sub-Saharan Africa’s opportunities are vast, and its challenges are persistent. Home to the world’s largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people.