Proposed alliance creates continental Free Trade Area in 2017

Four regional trading blocs have agreed to setup a single sub-Saharan Free Trade Area in 2017 The East African Community, (EAC), the Southern African Development Community, (SADC), the Common Market for Eastern and Southern Africa, (COMESA), and the Economic Community of Western African States, (ECOWAS) will all combine to establish an integrated market of 26 countries with a population of 600 million people.  The huge Free Trading Area will represents a market of approximately 57% of the population of the African Union with a combined GDP of $1 trillion, almost 58% of the GDP of the whole continent.

Read more at Tanzania’s Daily News…

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