Continental Free Trade; 44 African Countries Sign Major Deal to Open their Markets for Free Trade
A free trade agreement was signed this Wednesday, March 21 between forty-four African countries. A Continental Free Trade Area (Zlec) has therefore been created. For the African Union, this agreement is essential for the economic development of the continent. Moussa Faki, chairman of the AU Commission said, in conclusion of a summit of the organization in the Rwandan capital ” The agreement establishing the Zlec was signed by 44 countries “. One of the most powerful economies, Nigeria, abstained in the signing of this agreement. To give more time for consultations in his country, Nigerian President Muhammadu Buhari decided not to go to Kigali. In Nigeria, there is some opposition to this agreement. In addition to Nigeria, there are Eritrea, Burundi, Namibia and Sierra Leone. Protectionist countries, like Algeria, signed the agreement. The African Union Commission Chairperson Moussa Faki Mahamat who disclosed the number of signatories to the African Continental Fr...