Africa Free Trade Agreement Wiki

At the time of launch, there were 27 states that had ratified the agreement. [45] [47] [48] [49] The People`s Republic of China has concluded bilateral trade agreements with the blocs, countries and its two special administrative regions:[13] The Eurasian Economic Union, consisting of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded the following free trade agreements, see below. Nigeria was one of the last nations to sign the agreement. With 200 million people, Nigeria is the most populous country in Africa and has about the population of the second and third most populous countries in Ethiopia and Egypt, each of which has a population of about 98 million. With a nominal GDP of $376 billion, or about 17% of Africa`s GDP, it is just ahead of South Africa, which accounts for 16% of the African economy. Given that Nigeria is such an important country in terms of population and economy, its absence was particularly striking when the agreement was first signed.