African Union
Rwanda is a founding member of the Organization of African Unity, which became the African Union in 2002.
Overview
The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent. It was officially launched in 2002 as a successor to the Organization of African Unity (OAU, 1963-1999).
OBJECTIVES
The main objectives of the AU are;
Rwanda joined the African Union on 25th May 1963 and has been an active member since. H.E. President Paul Kagame is among the very few sought out Presidents on many continental matters including;
AfCFTA
The AfCFTA brings together all 55 member states of the African Union covering a market of more than 1.2 billion people. The main objectives of the AfCFTA are to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Customs Union. It will also expand intra-African trade through better harmonization and coordination of trade liberalization and facilitation and instruments across the RECs and across Africa in general. The AfCFTA is also expected to enhance competitiveness at the industry and enterprise level through exploitation of opportunities for scale production, continental market access and better reallocation of resources.
The trading phase under the AfCFTA, signed by 54 of the 55 countries in Africa, begun on January 1, 2021.