(VOVworld) - 25 African nations from three economic blocs signed an initial agreement on Wednesday to create a free-trade zone.
The agreement, which was signed in Sharm El-Sheikh, Egypt, linked three economic blocs that would unite 58%of the continent’s population.
They are Common Market for Eastern and Southern Africa (COMESA), the South African Development Community (SADC), and the East African Community (EAC), comprising half of members of the African Union (AU).
The alliance would bring together more than 60% of the continent’s gross domestic product, valued at $1.2 trillion.