"After more than a month of delay caused by outbreaks, the African continent free trade zone in 2021 launched at the beginning of the New Year, it will be the birth of the world trade organization since the establishment of the global largest free trade zone." According to France 24 news on January 1, the distance to carry out the complete free trade area of the African continent protocol details still need a few years time, but of the free trade area started is still a symbolic moment in history. On New Year's day, the African unio presidency, South Africa's President, vladimir radmanovic, au commission chairman/President of Niger, element library o f, Ghana's President f · addo video speeches respectively, such as congratulations to the launch of free trade area of the continent. The same day, the African continent free trade area (hereinafter referred to as the "free trade area of Africa") within the secretary-general may announced that the continent countries "officially started in business activities within the free trade zone".
Algeria, the Oriental newspaper article said Africa free trade area is the largest free trade area within the scope of cover countries around the world, it is the African population of 1.4 billion and $3.4 trillion of gross domestic product integrated with huge market, Africa's economy since then will face a "turning point". So far 55 members of the African unio has 54 members signed a free trade agreement (except eritrea), including 30 countries have officially approved, shall be submitted to the African unio commission.
According to the relevant agreements, since January 1, 2021, all countries submit instrument of ratification to the African unio commission will be exempted from tariffs on all goods 90%. The African continent the implementation of the free trade area, will also vigorously promote sub-regional economic development in Africa. Such as the United Nations economic commission for Africa prediction, in East Africa is expected to get $1.8 billion from the successful implementation of free trade zone in Africa's welfare benefits, and create 2 million jobs.
