05/19/2026 | Press release | Distributed by Public on 05/19/2026 07:54
(Lomé/Geneva) - The African Continental Free Trade Area (AfCFTA) Secretariat and the International Trade Centre (ITC) sign a renewed memorandum of understanding on 18 May, on the sidelines of Biashara Afrika 2026, the platform that brings together policymakers, business leaders, financiers and trade partners to deepen intra-African trade.
With AfCFTA negotiations now concluded, the renewed agreement marks a transition from establishing a policy framework to enabling practical, private sector-led trade across the continent, by creating a business-friendly ecosystem.
The partnership, signed one week before Africa Day, underscores a shared commitment to empowering small businesses, especially those led by women, youth and smallholder farmers, to compete in a single African market.
Secretary-General of the AfCFTA Secretariat Wamkele Mene and ITC Executive Director Pamela Coke-Hamilton signed the agreement.
Secretary-General Mene said: 'The success of the AfCFTA will ultimately be measured by the extent to which African businesses are able to trade across borders with greater ease and opportunity. This renewed partnership with ITC reinforces our shared commitment to creating practical commercial opportunities for SMEs, women and youth-led enterprises within the African market.'
Executive Director Coke-Hamilton said: 'Our renewed partnership is about translating the AfCFTA into real trading opportunities for African businesses, especially small businesses, so they are better able to access new markets on the continent, at a time of major shifts in global trade.'
ITC research shows that under the AfCFTA, intra-African trade could grow by an additional $22 billion per year by 2029, including by eliminating tariffs and developing value chains.
The agreement aligns with Africa's economic integration agenda, Agenda 2063, as well as the United Nations 2030 Agenda for Sustainable Development.
The AfCFTA is among the fastest-negotiated agreements within the African Union system, having been signed in 2018, entered into force in 2019 and commencing trading in 2021.
This renewed partnership comes at a critical moment in global trade, as disruptions and uncertainties in the multilateral trading system highlight the importance of strong regional partnerships and collaborative approaches to development.
In line with key AfCFTA objectives - such as value chain development and economic diversification - key areas of cooperation include market access and trade facilitation; capacity building and inclusive entrepreneurship; enhanced institutional capacity to implement AfCFTA commitments; and improved access to trade and market intelligence for decision-making and ecosystem development.
A strong element of this renewed partnership is the co-creation approach, working together to conceptualize priorities, design programmes, refine approaches, leverage expertise and networks, and mobilize resources.
The approach emphasizes shared ownership, results-based implementation and practical impact.
Notes for the Editor
About the AfCFTA Secretariat - The African Continental Free Trade Area (AfCFTA) is one of the flagship projects of Agenda 2063: The Africa We Want and entered into force on 30 May 2019, with trading under the Agreement commencing on 1 January 2021. It is a high-ambition trade agreement aimed at bringing together all 55 African Union (AU) Member States, covering a market of more than 1.3 billion people. With a comprehensive scope, the AfCFTA addresses key areas of Africa's economy, including trade in goods and services, digital trade, investment protection, intellectual property rights, and competition policy, among other areas. By eliminating barriers to trade within the continent, the AfCFTA seeks to significantly boost intra-African trade, particularly in value-added production and services sectors. According to estimates, the Agreement has the potential to increase intra-African trade by 52.3% through tariff liberalization and trade facilitation measures. For more information, please visit: https://au-afcfta.org
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About the International Trade Centre - ITC is the joint agency of the World Trade Organization and the United Nations. ITC assists small and medium-sized enterprises in developing and transition economies to become more competitive in global markets, thereby contributing to sustainable economic development within the frameworks of the Aid-for-Trade agenda and the United Nations' Sustainable Development Goals.
For more information, visit www.intracen.org. Follow ITC on X | Facebook | LinkedIn | Instagram | Flickr
Media contacts
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Ms. Cynthia Essognim Gnassingbe-Essonam African Continental Free Trade Area (AfCFTA) Secretariat Email: [email protected] Ms. Yafika Chitanda, Communications Officer African Continental Free Trade Area (AfCFTA) Secretariat Email: [email protected] AfCFTA Communication Division: AfCFTA Secretariat Email: [email protected] |
Elydora Matubanzila Susanna Pak Senior Strategic Communications Officer Office of the Executive Director International Trade Centre Email: [email protected] |