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Assessing Regional Integration in Africa VIII

Bringing the Continental Free Trade Area About

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The African Continental Free Trade Area (CFTA) promises to give a significant boost to the continent’s economy and, in particular, to support industrialization and structural transformation. In this context, the 8th edition of Assessing Regional Integration in Africa (ARIA VIII) looks at what will be needed to ensure that the CFTA is implemented and that iintra-African trade plays a more dynamic role in contributing to economic transformation in Africa. Drawing on political economy analysis, the report analyses what kind of institutional set-up will be needed to ensure the CFTA’s implementation as well as the capacity development needs at the national, regional economic community and continental levels. The report also provides an update on the expected benefits of the CFTA’s implementation, as well as the usual chapter on the status of regional integration in Africa.

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Foreword

The Continental Free Trade Area (CFTA) is the first flagship project of the African Union’s Agenda 2063 and a key initiative in the industrialization and economic development of the continent. It has the potential to boost intra-African trade, stimulate investment and innovation, foster structural transformation, improve food security, enhance economic growth and export diversification, and rationalize the overlapping trade regimes of the main regional economic communities. Fundamentally, the CFTA aims to provide new impetus and dynamism to economic integration in Africa.

English

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