The Africa Continental Free Trade Area (AfCFTA)

61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries.

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020

Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information, and the elimination of trade barriers – offers numerous benefits to SMEs.

And as history’s largest free trade agreement, which has a market size in the region of $3 trillion, 61% of SMEs agree that AfCFTA will have a positively effect on the cost of materials/inputs and cost of machineries.

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