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TradeCFTA stands for the African Continental Free Trade Area, which aims to create a single market for goods and services across Africa, facilitating intra-African trade and enhancing economic cooperation.
TradeCFTA offers businesses reduced tariffs, improved access to larger markets, enhanced supply chain efficiencies, and increased competitiveness in both regional and global markets.
TradeCFTA aims to eliminate tariffs on 90% of goods traded between member countries, promoting trade by making goods more affordable and accessible.
Businesses of all sizes, including manufacturers, retailers, and service providers, can benefit from TradeCFTA, as it provides opportunities for expansion and collaboration across borders.
Businesses can participate by understanding the regulations and guidelines set forth by their respective governments, registering for export/import licenses, and engaging in trade with other member countries.