 An African Continental Free Trade Area: Imperatives for Realizing a Pan-African MarketLaura Páez Chapter Chapter 2 in The African Continental Free Trade Area, 2024, pp 9-57 from Springer Abstract: Abstract Africa is embarking in one of its major regional integration projects since the African Union was conceived. The idea of a Continental Free Trade Area (CFTA) gained traction through an African Union Decision and Declaration which mandated the establishment of the pan-African free trade area by 2017. Considerable progress has been made since, with the official renaming of the CFTA to AfCFTA and subsequent launch of AfCFTA negotiations. A major prerogative for the realization of an AfCFTA is that 54 African States make liberalization concessions for the common benefit of market access. This chapter therefore looks at what needs to be considered in the negotiation of an AfCFTA in terms of scope, disciplines, operability, institutional governance and coexistence in the multilateral environment. It proposes prerequisites that give content and help realize a prospective AfCFTA which is functional and can deliver on the promise of greater intra-African trade. Keywords: Continental Free Trade Area (CFTA); Africa; Preferential trade; International trade negotiations; Regional trade agreements (RTAs); Regional integration; Trade liberalization (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-66605-6_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-66605-6_2 Access Statistics for this chapter More chapters in Springer Books from Springer |
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