Unlocking Africa's Future: The Economic Impact of AFCTA
Opportunities and Challenges of the African Continental Free Trade Agreement
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This book delves into the African Continental Free Trade Area (AfCFTA), a groundbreaking initiative launched in 2021 aimed at fostering economic integration across Africa. It explores how this landmark agreement seeks to boost Africa's trade, enhance economic growth, and alleviate extreme poverty by reducing tariffs on 97% of goods, harmonizing regulations, and facilitating cross-border investments. The book provides a comprehensive analysis of AfCFTA's origins, evolution, and its institutional and legal frameworks. It examines the anticipated economic impacts on participating nations, includi...
This book delves into the African Continental Free Trade Area (AfCFTA), a groundbreaking initiative launched in 2021 aimed at fostering economic integration across Africa. It explores how this landmark agreement seeks to boost Africa's trade, enhance economic growth, and alleviate extreme poverty by reducing tariffs on 97% of goods, harmonizing regulations, and facilitating cross-border investments. The book provides a comprehensive analysis of AfCFTA's origins, evolution, and its institutional and legal frameworks. It examines the anticipated economic impacts on participating nations, including projections of increased trade earnings and poverty reduction. Through detailed policy analysis, case studies, and economic modeling, it explores the current status of AfCFTA's implementation, the negotiation phases, and the role of various stakeholders.
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