Africa's leaders will determine on Sunday, the nation that will host the continent's free trade zone headquarters, which aims to unite its 1.27 bIn people and and its $3.4 trillion nominal gross domestic product.
Meanwhile, the African Union summit in Niger, will set a date for the beginning of African Free Trade Area, which has been signed by 52 state of the continent. Although only 25 have ratified it. The African Union aims to remove trade barriers and tariffs among Member States.
African Union summit in 2018
The countries representing the continent’s main regions are as follows: Kenya for East Africa, Ghana for West Africa, eSwatini for southern Africa, Madagascar for the Indian Ocean islands. Egypt will represent North Africa.
On other hand, the winning country will also secure jobs for citizens at the secretariat, and get a cash boost to its travel and tourism industries.
The African Union wants to boost annual intra-continental trade to 25-36 % of all African commerce within five years.
Noteworthy, Egypt holds the AU presidency this year and has been promoting itself as a linchpin for African trade.
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