According to Business Insider the world is just about to get a free trade area that’s bigger, by population, than either the European Union or NAFTA.
It’s got nothing to do with the much-publicised Trans-Pacific Partnership (TPP) Transatlantic Trade and Investment Partnership (TTIP). In fact, you’ve probably never heard of it.
It’s actually the Tripartite Free Trade Area, a deal that will wrap together 26 African nations with a population north of 600 million.
The agreement will be signed off on June 10 in Egypt.
Much of west Africa isn’t covered, but the deal means a huge stripe of southern and eastern Africa will be.
According to the Brookings Institution, it’ll cover 58% of Africa’s economic activity and over US$1 trillion (£651,1 bn) in GDP.
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