The African Continental Free Trade Area (AfCFTA), launched under AU auspices, aims to create a single market for goods and services across Africa, facilitating the movement of persons and promoting industrial development.
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Answer: True
AfCFTA, operational since 2021, is the world's largest free trade area by number of countries (55). It aims to boost intra-African trade, industrialization, and economic integration by eliminating tariffs on 90% of goods and addressing non-tariff barriers.