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As a fallback plan, Pretoria is willing to accept a maximum tariff of 10% if exemptions are not granted, its trade ministry revealed.
According to the World Bank, the AfCFTA has the potential of becoming the worldโs largest trade area, connecting 1.3 billion people across 54 countries into a single market valued at $3.4 trillion. But progress remains slow due to uneven implementation.
East African powerhouse, Ethiopia, has reportedly recorded a historic increase in coffee export amounting to over $1.8 billion.