The promise of free trade and free movement is prosperity for all Africans, because Africa is prioritizing the production of value-added goods and services that are "Made in Africa," said Kagame.
The advantages Africa gains by creating one African market will also benefit our trading partners around the world, said Kagame.
Africa will also be in a better position to leverage its growing strength and unity to secure Africa's rightful interests in the international arena, said the president.
"This is not just a signing ceremony. Today's deliberations are critically important as we chart the next steps on our journey towards the Africa we want," he added.
The decision to form the AfCFTA was adopted in January 2017 during the 18th Ordinary Session of the Assembly of Heads of State and Government of the AU while AfCFTA negotiations were launched by the AU in 2017.
The AfCFTA is aimed at creating a single continental market for goods and services with free movement of businesses and investments. This, according to the AU, will pave the way for accelerating the establishment of the Continental Customs Union and the African Customs Union.
The AfCFTA will make Africa the largest free trade area created in terms of the number of participating countries since the formation of the World Trade Organization, according to the AU. The AfCFTA could create an African market of over 1.2 billion people with a GDP of 2.5 trillion U.S. dollars, the pan-African bloc said.
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