The tripartite free trade area, launched last month during a heads of state summit in Egypt, brings together the EAC (East African Community), COMESA (Common Market for Eastern and Souther Africa) and SADC (Southern African Development Community). It aims to boost intra-regional trade, increase foreign investment and promote the development of cross-regional infrastructure.
The Tripartite free trade area, also known as the Grand Free Trade Area, will have a combined population of 625m people and a GDP of $1.2 trillion.
It will account for half of the membership of the African Union and 58% of the continent's GDP and it is expected to be the launching pad for the establishment of the Continental Free Trade Area in 2017.
So far the three blocs of EAC, SADC and COMESA have made progress in...