{UAH} New 'Cape to Cairo' free trade pact hailed as Africa milestone - Yahoo News
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Cape Town (AFP) - The launch of a free trade agreement by three African economic blocs in Egypt this week will be an important step towards a potentially game-changing common market spanning the continent, supporters say.
The deal between the East African Community, Southern African Development Community and the Common Market for Eastern and Southern Africa will create a market of 26 countries with a population of 625 million and gross domestic product of more than $1 trillion.
The Tripartite Free Trade Area (TFTA) will be inaugurated at a summit of heads of state and government on Wednesday in Sharm-el-Sheik, Egypt after four years of negotiations to establish a framework for tariff preferences and other commitments.
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