Africa should capitalise on AfCFTA to participate in global value chains
With solid political momentum behind the Africa Continental Free Trade Area (AfCFTA), we have a window of opportunity to improve regional value chains and further upgrade into global value chains (GVCs). ILLUSTRATION | JOHN NYAGA | NMG
The moment for Africa to become a serious player in global value chains is now or never. With solid political momentum behind the Africa Continental Free Trade Area (AfCFTA), we have a window of opportunity to improve regional value chains and further upgrade into global value chains (GVCs).
Launched in January 2021, the AfCFTA was positioned as the trade agreement to transform the economic trajectory of Africa and position the continent as a force within the globe. The free trade area brings together 55 countries with a population of over 1.3 billion, a combined gross domestic product valued at $34 trillion and is estimated to bring over 30 million people out of poverty.
