The African Union Free Trade Agreement (AfCFTA) is a landmark trade agreement that has the potential to transform the economic landscape of Africa. The agreement was signed in March 2018 and has been ratified by 54 of the 55 African Union member states. It aims to create a single market for goods and services, and to promote free movement of people and capital across the continent.

To fully understand the AfCFTA, it is important to take a look at the African Union Free Trade Agreement PDF. The PDF is a comprehensive document that outlines the objectives, principles, and implementation framework of the agreement. The 247-page document is divided into various sections that cover everything from the legal framework, institutional arrangements, trade in goods, and services, among other things.

One of the most significant aspects of the AfCFTA is its potential to boost intra-African trade. Currently, intra-African trade accounts for only 17% of the continent`s total trade. By creating a single market, the agreement aims to increase intra-African trade to 52% by 2022. This could result in increased economic growth, job creation, and poverty reduction.

The PDF outlines the principles that guide the AfCFTA. These principles include non-discrimination, transparency, protection of intellectual property, and the promotion of sustainable development. The agreement also recognizes the importance of special and differential treatment for vulnerable groups, such as women and small and medium-sized enterprises.

The AfCFTA will be implemented in phases. The first phase, which began in 2020, focuses on trade in goods. The PDF outlines the rules and procedures for trade in goods, including customs procedures, rules of origin, and tariff liberalization. The second phase, which is expected to begin in 2021, will focus on trade in services and intellectual property rights.

In conclusion, the African Union Free Trade Agreement PDF is a crucial document that provides a comprehensive understanding of the AfCFTA. The agreement has the potential to transform the economic landscape of Africa by boosting intra-African trade and promoting economic growth. As a professional, it is important to use relevant keywords such as “African Union Free Trade Agreement,” “AfCFTA,” and “intra-African trade” to ensure that the article ranks well in search engines.