African Free Trade Zone

African Free Trade Zone (AFTZ)
Map of Africa indicating AFTZ members.      Member States
Type	Trade bloc
Membership	26 member states
Establishment	Agreement
• Signed	2008

The African Free Trade Zone (AFTZ) is a free trade zone announced at the EAC-SADC-COMESA Summit on 22 October 2008 by the heads of Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The African Free Trade Zone is also referred to as the African Free Trade Area in some official documents and press releases.

In May 2012 the idea was extended to also include ECOWAS, ECCAS and AMU.

In June 2015, at the African Union Summit in South Africa, negotiations were launched to create a Continental Free Trade Area (CFTA) with all 54 African Union states by 2017.

The leaders of the three AFTZ trading blocks, COMESA, EAC, and SADC, announced the agreement, with the aim of creating a single free trade zone to be named the African Free Trade Zone, consisting of 26 countries with a GDP of an estimated US$624bn (£382.9bn). It was hoped that the African Free Trade Zone agreement would ease access to markets within the AFTZ zone and end problems due to several of the member countries in the AFTZ belonging to multiple regional groups.

The African Free Trade Zone announced at the EAC-SADC-COMESA Summit (also known the AFTZ Summit and Tripartite Summit) effectively is the realization of a dream more than a hundred years in the making, a trade zone spanning the length of African continent from Cape to Cairo, from North African Egypt all the way to the southernmost tip of Africa in South Africa (Cape Town). The Cape to Cairo dream was envisioned by Cecil Rhodes and other British imperialists in the 1890s and was expressed in different contexts and versions including, but not limited to, the following ideals: Cape to Cairo Road, Cape to Cairo Railway, Cape to Cairo Telegraph, and Cape to Cairo Trade Union.

While other powers, notably Germany and Portugal had colonies or spheres of influence in the Cape to Cairo trade zone contemplated, the primary benefactor of the Cape to Cairo union would have been the Great Britain and British Empire. The biggest difference in the idea of the original Cape to Cairo zone and its current incarnation is that the African Free Trade Zone is the creation of African Countries for the mutual benefit and development of the AFTZ member countries, their peoples and the whole of continent of Africa rather than a trade zone for the benefit of Great Britain. Ultimately, it is hoped the AFTZ would serve as a key building block to African Unity and the realization of a united Africa under the auspices of the African Union.