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Assessing Regional Integration in Africa V

Towards an African Continental Free Trade Area

image of Assessing Regional Integration in Africa V

This publication comes at a time of renewed enthusiasm for shortening the period of the vision of the Abuja Treaty. The publication’s overall objective is to provide analytical research that defines frameworks for African governments, the African Union and the Regional Economic Communities, towards accelerating the establishment of the African Common Market through: the speedy removal of all tariff and non-tariff barriers, obstacles to free movement of people, investments and factors of production in general across Africa, and through fast-tracking the creation of an African continental Free Trade Area.

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Movement of goods and services in Africa

Against the backdrop of the global economic and financial crisis in the traditional developed markets and the stalemate in WTO Doha round negotiations, regional trade integration has emerged as a crucial instrument for sustaining economic growth in Africa. Still, intra-African trade remains far too low and Africa has continued losing its share of global trade—now about 3.2 per cent versus about 5 per cent in the mid-1960s.

English

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