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Historic free trade agreement will be a boon to African growth

The African Heads of States and Governments pose during African Union (AU) Summit for the agreement to establish the African Continental Free Trade Area in Kigali, Rwanda, on March 21, 2018.
The African Heads of States and Governments during African Union Summit for the agreement to establish the African Continental Free Trade Area in Kigali, Rwanda, on March 21, 2018. Photo: STR/AFP via Getty Images

African countries launched a historic free trade agreement at the African Union Summit in Rwanda on Wednesday, establishing the largest free trade market since the formation of the World Trade Organization.

Why it matters: Encompassing 1.2 billion people and a GDP of more than $2 trillion, the African Continental Free Trade Area (AfCFTA) promises to increase intraregional commerce and attract new investors to a single African market.