Economy

Malawi ratifies Tripartite Free Trade Agreement, boosts integration into African trade bloc

Date: May 23, 2024

Malawi has taken a significant step towards deeper integration into the African trade bloc by ratifying the Tripartite Free Trade Area (TFTA) agreement.

The TFTA brings together three major economic blocs in Africa: the Common Market for Eastern and Southern Africa, the East African Community, and the Southern African Development Community.

With Malawi's ratification, 12 countries have now formally adopted the agreement. Only two more ratifications are needed for the TFTA to come into full effect.

This is a positive development for Malawi's businesses and consumers, as it is expected to reduce trade barriers and boost economic activity within the region.

--George Mhango/ChannelAfrica--

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