0From Mthulisi Sibanda in Sun City, South AfricaA technology executive has forecast the AfricanContinental Free Trade Area (AfCFTA) to result in massive economicgrowth and help alleviate poverty in the continent. “AfCFTA will by 2050 be the highest contributor to growth and povertyalleviation in Africa,” the executive projected. “With AfCFTA, there will be lower tariffs on goods produced among those54 Africa countries,” he said on the impact of the trade agreement onlyEritrea has not signed. According to experts, non-tariff barriers, including uncoordinatedbureaucratic procedures, long waiting times at borders or lengthy andcumbersome export requirements hinder trade within Africa. AfCFTA is hailed as one of the largest free trade areas since theformation of the World Trade Organisation in the mid-1990s.

Source: The North Africa Journal October 18, 2019 10:18 UTC