Concept of Utilization Rates and its use in Measuring the Effectiveness of Trade Preferences

Governments are increasingly negotiating Free Trade Agreements (FTAs) and mega-regionals to create market access for their companies. The African Continental Free Trade Area (AfCFTA) is the latest attempt in the region. Recently, governments have progressively realized the importance of Utilization Rates (URs) to effectively monitor the use of FTAs by their firms.

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