5,000 African products achieve 88 percent convergence, allowing easy trade - AU summit

Wamkele Mene, Secretary-General of AFCFTA, speaks in Dar es Salaam, Tanzania, during the Women and Youth in Trade conference, September 2022. [Mmenewamkele/twitter]

For the first time in African economic history, nearly 5000 traded products have achieved 88 percent convergence. With a single set of rules, the continent can now engage in easy trade and investment, the AU summit heard.

Almost 88.3 products across the African continent are able to benefit from this rule, according to the Secretariat of the African Continental Free Trade Area (AfCFTA).