- Published: Wednesday, 19 October 2016 11:00
- Sourced by SolutionsTeam
The number of regional trade agreements has almost quadrupled in the past 25 years, from 70 in 1990 to around nearly 280 today. The collapse of the Doha round of trade talks in Nairobi in December has deflected energy to regional trade agreements. These agreements are great in helping rejuvenate global trade, which slowed as the economic recovery tapered in recent years and the Chinese economy decelerated. Africa is well positioned to engage regional trade agreements. Signed in Sharm-el-Sheikh, Egypt, in June 2015, the Tripartite Free Trade Agreement (TFTA) brings the Common Market of Eastern and South Africa (COMESA), the East African Community (EAC) and the Southern Africa Development Community (SADC) into the continent’s largest free-trade zone covering 26 countries from Egypt to South Africa.