Established in 2018, the African Continental Free Trade Area (AfCFTA) sought to create the world’s largest single market by bringing down trade barriers. But while the project’s achievements are impressive, the impact in North Africa has been less noteworthy.
Writing in Arab Banker, BACB’s Head of Financial Institutions Nabil Frik and Senior Manager Amine Mouffok share their outlook on North Africa’s place within the larger intra-African trade project. They discuss some of economic obstacles and geographical barriers that make North Africa a unique case within the continent.
But progress is being made, with new physical, digital and financial infrastructure being developed. Nabil and Amine analyse the opportunities on the horizon and discuss the important role of trade finance in unlocking the continent’s full potential.
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