(MENAFN) African leaders are expected to sign an agreement that will kick off the African Continental Free Trade Area (AfCFTA) at an extraordinary summit of the African Union (AU) launched on Saturday.
Based on the summit, the PRC meeting will be followed by the 18th Extraordinary Session of the Executive Council of the AU scheduled on March 19.
According to the AU the AfCFTA will make Africa the largest free trade area created since the formation of the World Trade Organization.
The United Nations Economic Commission for Africa estimated that the AfCFTA has the potential to boost intra-Africa trade by 53 percent by eliminating import duties and non-tariff barriers.
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