The trade effects of the African Continental Free Trade Area: An empirical analysis
Domaine:
socioeconomicType de record:
paper
Créateur:
AleAdd
Éditeur:
Hôte:
Abstract This study examines the possible effects of the African Continental Free Trade Area (AfCFTA) agreement tariff reduction protocol on intra‐African goods trade using two approaches: trade indices and a gravity model. In both approaches, an attempt to identify the trade‐creation and trade‐diversion effects of the proposed AfCFTA is made. The two approaches combined suggest that the AfCFTA could raise intra‐African exports from the average annual value of US$ 72.7 billion (2015–2017) by about US$ 13.7 billion (by about 19%). For the success of the AfCFTA, the success in political activism needs to be combined with a continental industrial strategy that includes continental protection for infant industries in tandem with this continental liberalisation.
Similaires
The African Continental Free Trade AreaImplementing the African Continental Free Trade Area (AfCFTA): The Effects of Trade Procedures on Trade FlowsBeyond Trade Volumes: Market Entry, Export Survival, and the Early Trade Effects of the African Continental Free Trade AreaAgreement Establishing the African Continental Free Trade AreaThe African Continental Free Trade Area Agreement: Aiding Intra-African trade towards deeper continental integrationFacilitating Trade through Rules of Origin: A Consideration of the African Continental Free Trade Area