Implementing the Trade Facilitation Agreement should boost trade among African Continental Free Trade Area members

La mise en œuvre de l’accord sur la facilitation des échanges devrait stimuler le commerce entre les membres de la zone de libre-échange continentale africaine

Jaime de Melo, Zakaria Sorgho () and Laurent Wagner
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Zakaria Sorgho: ULaval - Université Laval [Québec]

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Abstract: The main objective of the African Continental Free Trade Area is to eliminate trade barriers and boost intra-Africa trade. This column argues that implementing the Trade Facilitation Agreement's provisions would be a powerful complement to the free trade area's tariff-reduction agenda. A realistic implementation of TFA measures could reduce time in customs for imports by 2.7 days for exports by 1.7 days. These reductions in time translate into a tariff ad-valorem equivalent reduction in the range 3.6-7% for imports and an 8.1% extra growth for exports.

Keywords: AfCFTA; Preferential trade agreements; Africa; Accord préférentiel; Zleca (search for similar items in EconPapers)
Date: 2024-02-26
New Economics Papers: this item is included in nep-int
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Published in 2024

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