RECs and TFTAs: A stumbling or building block for AfCFTA?
The secretariat of the African Continental Free Trade Area in Ghana’s capital, Accra. PHOTO | FILE
What you need to know:
RECs (also Regional Trade Agreements, RTAs) like East African Community (EAC), Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA), were established to facilitate trade by eliminating tariffs and non-tariff barriers and harmonising the rules of origin within their regions.