AfCFTA Could Boost Maritime Trade in Africa

UNCTAD’s Review of Maritime Transport 2021 published on 18 November says the African Continental Free Trade Area could boost intra-African trade by up to 33% and cut the continent’s trade deficit by 51%.

A study by the UN Economic Commission for Africa with a time horizon of 2030 indicates that cargo transported by vessels would increase from 58 million to 132 million tons with the implementation of AfCFTA.