African countries are expected to announce a list of the top goods to enjoy tariff-free access under the free trade agreement by January 2020, the Egyptian Commercial Service Office’s (ECS) head Ahmed Antar said.
In 2018, the Egyptian exports to African nations rose by 30% year-on-year to $4.7 billion, compared to $3.6 billion in the prior year, Antar told Mubasher.
Under the free trade agreement, Egyptian exports will likely enter new markets, he added.
Antar expects trade exchange between Egypt and African countries to rise by 30% after the agreement comes into force.
It is noteworthy that 54 African countries have signed the agreement, while only 27 of which have ratified it.