- Soon after the AfCFTA Secretary General Wamkele Mene held discussions with President Samia Suluhu Hasan, Tanzania has announced the ratification of the African Continental Free Trade Area (AfCTA) agreement.
- As of now 38 African countries including Tanzania have ratified the treaty.
Soon after the AfCFTA secretary General Wamkele Mene held discussions with President Samia Suluhu Hasan, Tanzania has announced the ratification of the African Continental Free Trade Area (AfCTA) agreement. Minister of Industry and Trade of Tanzania, Kitila Mkumbo, made the announcement via Twitter. As of now, 38 African countries including Tanzania have ratified the treaty.
Though former President of Tanzania John Magufuli signed on the agreement; it had not joined AfCTA formally. After signing, parliamentary approval is required for the ratification of the agreement. The ratification is a pointer towards President Suluhu’s intention to return the country to regional integration.
AfCTA, the historic pact connecting countries with a total gross domestic product of $3.4 trillion was first opened for signing in April 2018. It came into force in 2019 after the requisite minimum of 21 of the 55 member states ratified it. Currently, the treaty, is signed by 54 of the African Union’s (AU) 55 member states. Eritrea is the only country yet to join the AfCFTA.
