July 7，The 12th African Union Special Summit was held in Niamey, the capital of Niger。During this summit，The official launch of bet365 offers Free Trade Area (AfCFTA) has attracted widespread attention。According to the United Nations Economic Commission for Africa (United Nations Economic Commission for Africa) forecast，To 2022，bet365 offers Free Trade Area will drive intra-African trade growth by 52%，The implementation of bet365 offers Free Trade Agreement will see the elimination of up to 90% of trade tariffs within the continent。The rotating chairman of the African Union at this summit、Egyptian President Sisi also mentioned，The establishment of bet365 offers Free Trade Area can fully activate the economic potential of the African continent，Making trade between different African countries more convenient。

　Promote bet365 offers trade diversification

According to a report by All Africa News Network on July 7，African countries are ready for a unified market。current，Except Eritrea，All the remaining 54 countries of the African Union have signed bet365 offers Free Trade Agreement。The establishment of bet365 offers Free Trade Area as a commodity、Service、Investment、Paving the way for free movement of people on the African continent。

Danny Bradlow, professor of international development law and African economic relations at the University of Pretoria in South Africa, told this reporter，bet365 offers Free Trade Area is the world’s largest free trade area established since the creation of the World Trade Organization (WTO)。The establishment of bet365 offers Free Trade Area can not only solve the self-development issues that various African countries are concerned about，At the same time, it also improves the status of the African continent on the international stage，Promoted diversification of African trade。Africa has huge economic development potential，But tariffs and border policies between different countries result in a very low total internal trade。Although intra-African trade doubled from 1995 to 2013，But it is still at a low level compared with other intra-regional trade in the world。March 2016，A report released by the United Nations Economic Commission for Africa shows，The proportion of the African continent’s gross internal product (GDP) increased from 2 in 1995.7% increased to 4 in 2013.5%，But this proportion is much lower than the 6 in the Americas in 2013.7%，Asian 17.9% and 21% in Europe。The establishment of bet365 offers Free Trade Area，Not only can it improve the level of trade between African countries，Can better attract large-scale external investment，Bridging the economic development gap between different African countries。

African Union Trade and Industry Commissioner Albert Muchanga also mentioned，The signing of bet365 offers Free Trade Agreement can strengthen intra-African cargo transport，Reduce the costs incurred by border policy delays；It will also make it easier for agricultural products to enter more markets that were previously inaccessible，Promote the growth of agricultural products market。

　　The process bet365 offers not be smooth

Geni Dechter, senior lecturer at the School of Economics at the University of New South Wales, Australia, told this reporter，The establishment of bet365 offers Free Trade Area can have a positive impact on Africa’s economic development，But what cannot be ignored is，Due to intra-continent traffic、Weak communication and other infrastructure construction，There are certain obstacles to trade flows within the region。Mentioned in the 2018 African Economic Outlook report，The funding gap for infrastructure construction in Africa is approximately US0 billion to US0 billion per year，How to solve the shortage of funds is very urgent。

Deckert emphasizes，In addition，There are still some key issues in bet365 offers Free Trade Agreement that have not been agreed upon，Includes rules of origin、Tariff preferences of member states、How to combat smuggling and tax evasion, etc.。Future，African countries will also work on intellectual property rights、Discuss investment and competition policy，This will be a long process。

Amaka Anku, Africa analyst at Eurasia group also known as，Because the bet365 offers market is highly fragmented，The process of promoting Africa as a single market will not be smooth sailing。and，Africa has yet to formulate clear measures to promote and implement effective regulation of trade in goods and services。

Phyllis Wakiaga, CEO of Kenya Manufacturers Association, is full of expectations for bet365 offers Free Trade Area，He said that the launch of bet365 offers Free Trade Area can provide a lot of opportunities for intra-African trade，By 2030, the total intra-regional trade volume will reach 6.7 trillion US dollars，The commercial vitality in the region will also gradually strengthen。At that time，Free movement of professional and educational personnel，Can improve workers’ skills，Let more African teenagers get development opportunities。

Wakiaga also mentioned，There are currently 8 regional economic blocs on the African continent，4 of them are related to the Customs Union，bet365 offers Free Trade Area can establish a unified customs union on this basis to attract external investors。It is expected that more technological methods will be introduced in Africa in the future，Ensuring standardized production of African products，Thus improving the competitiveness level of products。

　Looking forward to establishing an bet365 offers Monetary Fund

William N Kring, assistant director of the Center for Global Development Policy at Boston University, believes，Some African countries are currently experiencing economic growth inequality and debt problems，The AU should explore how to bring these countries closer together in the context of bet365 offers Free Trade Area、A more dynamic trading relationship，For example, explore the feasibility of establishing an African Monetary Fund。Establishing an African Monetary Fund can encourage African countries to participate more actively in regional trade，Effectively manage trade risks in the region。

Klin mentioned，On the one hand，bet365 offers Free Trade Area closely connects the economies of African countries，Interdependence；On the other hand，Once a country has economic problems，Will increase the economic growth of other countries、Trade、Investment and Employment Risks。In other areas of the world，To mitigate similar effects，Both have established regional financial arrangements，Provide financial support to members in the region to deal with balance of payments crises。Klin thinks，The African Union can also refer to relevant practices。Looking forward to the establishment of the African Monetary Fund in the future，Bring stronger impetus to the deepening of free trade on the African continent。