The World Bank ranks many countries in Africa among the hardest places to do business. However, an ambitious project to ease trade between them is a step closer to reality. The African Union agreed last year to create a free trade zone on the continent, the largest since the World Trade Organization was formed. On Tuesday, Gambia became the 22nd country to ratify the accord, reaching the threshold for it to be implemented. It’s hoped the deal will reduce tariffs and trade rules, and create jobs for a market of 1.2 billion people. But Africa’s largest economy, Nigeria, isn’t on board with the agreement. So will the deal succeed?
Source : Al Jazeera English
Keywords : Africa, News, Economy, Free Trade