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African leaders set to sign landmark trade deal at AU Summit

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AFP Niamey
Last Updated : Jul 07 2019 | 11:45 AM IST

African leaders will meet Sunday in Niger for the African Union (AU) summit, to sign a landmark free trade agreement, and to discuss looming security and migration crises on the continent.

In a "historic" moment for the 55-member bloc, according to its chairman Moussa Faki, heads of state will officially launch the African Continental Free Trade Area (AfCFTA) at the two-day summit in Niamey, the Nigerien capital.

The agreement comes after 17 years of tough negotiations, and was formalised at the end of April when the agreement had crossed the launch threshold, which required ratification by at least 22 countries.

Nigeria, Africa's most populous country and largest economy, announced this week it would after all join the pact in Niamey, having unexpectedly pulled back from the agreement last year.

Nigeria's chief trade negotiator, Ambassador Chiedu Osakwe, said President Muhammadu Buhari would sign the landmark agreement, "opening Africa up to abundant opportunities.

"We weren't dragged into this, we are a leading advocate," Osakwe told AFP.

"But it is about assessing how to make it work for Nigeria and indeed the continent."

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First Published: Jul 07 2019 | 11:45 AM IST

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