By African Business Watch_ The Government of Gambia on Wednesday deposited to the African Union Commission (AUC) the instruments of ratification for African Continental Free Trade Area (AfCFTA), recently approved by Gambian parliament.
“The ambassador of Gambia Sulayman Alieu Jack deposited his country’s instruments of ratification for AfCFTA this morning. We are now at twenty signed formal ratifications, only two needed for the AfCFTA ready to enter into force. Countdown to the world’s largest trading bloc,” Moussa Faki Mahamat, AUC Chairperson, twitted.
A week ago, Ethiopian government has also deposited the instruments of ratification of AfCFTA, which was approved by Ethiopian parliament. The AfCFTA was signed by 44 AU member African countries last year in Kigali Rwanda.
The agreement has so far secured the 50% ratification of the signatories, as required to go operational. Meanwhile, still two countries are left to deposit their instruments of ratification to AUC.