The pact will be concluded between countries belonging to the Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC).
GDP of these countries that represent 62 percent. global trade in Africa, accounting for more than 58 percent. GDP across the continent.
The Tripartite treaty would abolish barriers and restrictions on trade between Member States, in which lives 625 million people and whose total trade amount to $ 102 billion.
The agreement will be announced during the meeting in Egypt at the summit in the resort of Sharm el-Sheikh. They have to participate chiefs and ministers of 26 countries of the African continent, which will be part of the new free trade zone. It will stretch from Egypt to South Africa.
On Sunday press conference, Egyptian Minister of Industry, Trade and small businesses Fachri Munir Abd el-Nur reported that talks aimed at agreeing the last details of the agreement will end on May 27.
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