Regionalism, “continentalism,” and multilateralism: Building or stumbling blocks for Africa?

Leysa Maty Sall, Antoine Bouët and Abdoulaye Seck

Chapter 5 in Africa Agriculture Trade Monitor 2025, 2025-12, pp p. 139-176 from International Food Policy Research Institute (IFPRI)

Abstract: Following World War II, a multilateral framework was established to structure global trade based on shared principles, including nondiscrimination through Most Favored Nation (MFN) treatment, consolidation of customs duties, the ability to implement trade remedies in cases of unfair competition, and the creation of transparent trade policies and a binding dispute settlement mechanism. This framework was established in the General Agreement on Tariffs and Trade (GATT) and later by the World Trade Organization (WTO). It facilitated the rapid expansion of international trade for several decades: according to the WTO, world trade volume today is 45 times the level recorded in 1950.

Keywords: trade; policies; Africa (search for similar items in EconPapers)
Date: 2025-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/10568/181000

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:181000

Access Statistics for this chapter

More chapters in IFPRI book chapters from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().