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{UAH} New 'Cape to Cairo' free trade pact hailed as Africa milestone - Yahoo News

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.

http://news.yahoo.com/cape-cairo-free-trade-pact-hailed-africa-milestone-072044993.html


Brian M. Kwesiga
President and CEO,
Ugandan North American Association - UNAA
972.415.6372 | www.unaa.org | "United We Stand"

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