The discussion around AfCFTA’s benefits is becoming more robust as member states accelerate the implementation of the trade bloc, which brings together 54 African Union countries.
AfCFTA objectives aim to boost Africa’s global standing as well as intra-continental trade. Other objectives include opening up new markets for South Africa, improved access to intermediate inputs and raw materials, and enhanced opportunities for in-country value addition. Individual economies will be positioned higher in global value chains by expanding industrial capacity and creating jobs, and developing regional value chains, among other things.
