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Goods are stacked in containers destined for global distribution at the harbor in Cape Town, South Africa, June 24, 2016. Stock markets crashed, oil prices tumbled, and the pound fell to a 31-year low as Britain's vote to leave the EU shocked investors.

AP

Journal Article - Europe'sWorld

Reshaping Europe's Africa Policies

| Autumn 2016

"Africa's economic diplomacy will be dramatically shaped by the Continental Free Trade Area (CFTA) negotiations that will conclude in 2017. This builds on the Tripartite Free Trade Area covering 26 countries with 650 million people and a GDP of US$1.5 trillion. The CFTA will comprise a billion people with an initial GDP of $3 trillion. The foundations of the agreement include free trade, infrastructure development and industrialisation. This is a grand opportunity that will shape Africa's relationships with the UK, Europe and the rest of the world."