1887

Trade Liberalization, Investment and Economic Integration in African Regional Economic Communities towards the African Common Market

image of Trade Liberalization, Investment and Economic Integration in African Regional Economic Communities towards the African Common Market
This report reviews the progress in African regional integration processes, suggesting an option for revising the timeframe for accelerating continental integration. Several recommendations related to accelerating integration; the need for a development-driven regional integration; the focus on export value addition and diversification in manufactured goods and services; and, enhancing competition policy and attracting more foreign and domestic investment have been made. This report concludes that there is an urgent need to expand integration with regards to international trade.

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Economic and trade performance of Africa and RECs

The African continent has a number of RECs and a multiplicity of cooperation organizations created to address common challenges faced by African countries. The eight RECs forming the pillars of the future African Economic Community are COMESA, EAC, SADC, ECOWAS, the Economic Community of Central African States (ECCAS), CEN-SAD, IGAD and UMA, with membership as follows

English

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