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The African Continental Free Trade Areaprospects, problems and challenges /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The African Continental Free Trade Areaby Benjamin Ofori-Amoah.
Reminder of title:	prospects, problems and challenges /
Author:	Ofori-Amoah, Benjamin.
Published:	Cham :Springer International Publishing :2024.
Description:	x, 217 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Free tradeAfrica.
Subject:	AfricaExhibitions.Antiquities
Online resource:	https://doi.org/10.1007/978-3-031-59181-5
ISBN:	9783031591815$q(electronic bk.)

The African Continental Free Trade Areaprospects, problems and challenges /
Ofori-Amoah, Benjamin.

The African Continental Free Trade Areaprospects, problems and challenges /[electronic resource] :by Benjamin Ofori-Amoah. - Cham :Springer International Publishing :2024. - x, 217 p. :ill. (some col.), digital ;24 cm.

Chapter 1. Introduction -- Chapter 2. Perspectives on International Trade and Development -- Chapter 2. Regional Trade Agreements: Theory, Aspirations, and Realities -- Chapter 3. The Economic Community of West African States -- Chapter 4. The Economic Community of Central African States -- Chapter 6. The Southern African Development Community -- Chapter 7. The Community of Sahel-Saharan States -- Chapter 8. The East African Community -- Chapter 9. The Common Market for Eastern and Southern Africa -- Chapter 10. Other Regional Trade Agreements -- Chapter 11. Conclusion.

In March of 2018, 44 African countries signed the African Continental Free Trade Area agreement (AfCFTA) to launch what is considered as the largest free trade area in the world. The signing of the agreement has been hailed as a major breakthrough for African development by African countries and organizations as well as external observers of African affairs. This is not the first time African countries have proposed a new organizational and institutional structure for development. African countries have signed at least 13 regional trade agreements (RTAs) for intraregional trade since 1959. However, the track record of these groups has been relatively mediocre compared to RTAs elsewhere. Thus, Africa has the lowest percentage of intracontinental trade in the world. This volume evaluates the prospects and challenges for the AfCFTA through a deep-dive assessment of previous trade blocs on the African continent and of regional free trade areas in other parts of the world. The central question of the book is this: If pre-AfCFTA trade blocs in Africa did not encourage more intracontinental trade, what guarantees that the AfCTA will? The formation of the AfCFTA will definitely remove overlapping membership that existed with previous trading blocs on the continent, but what is different about the AfCFTA that will get rid of cumbersome regulation, boost manufacturing, and create jobs? This book argues that the dreams of AfCFTA will not be realized unless African countries make efforts to address the industry mix of their economies and to enforce the rules and regulations they set down on paper.

ISBN: 9783031591815$q(electronic bk.)

Standard No.: 10.1007/978-3-031-59181-5doiSubjects--Corporate Names:

969952
African Continental Free Trade Area.
Subjects--Topical Terms:

186068
Free trade
--Africa.Subjects--Geographical Terms:

390751
Africa
--Antiquities--Exhibitions.

LC Class. No.: HF2413

Dewey Class. No.: 338.96

The African Continental Free Trade Areaprospects, problems and challenges /
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505 0 $a Chapter 1. Introduction -- Chapter 2. Perspectives on International Trade and Development -- Chapter 2. Regional Trade Agreements: Theory, Aspirations, and Realities -- Chapter 3. The Economic Community of West African States -- Chapter 4. The Economic Community of Central African States -- Chapter 6. The Southern African Development Community -- Chapter 7. The Community of Sahel-Saharan States -- Chapter 8. The East African Community -- Chapter 9. The Common Market for Eastern and Southern Africa -- Chapter 10. Other Regional Trade Agreements -- Chapter 11. Conclusion.
520 $a In March of 2018, 44 African countries signed the African Continental Free Trade Area agreement (AfCFTA) to launch what is considered as the largest free trade area in the world. The signing of the agreement has been hailed as a major breakthrough for African development by African countries and organizations as well as external observers of African affairs. This is not the first time African countries have proposed a new organizational and institutional structure for development. African countries have signed at least 13 regional trade agreements (RTAs) for intraregional trade since 1959. However, the track record of these groups has been relatively mediocre compared to RTAs elsewhere. Thus, Africa has the lowest percentage of intracontinental trade in the world. This volume evaluates the prospects and challenges for the AfCFTA through a deep-dive assessment of previous trade blocs on the African continent and of regional free trade areas in other parts of the world. The central question of the book is this: If pre-AfCFTA trade blocs in Africa did not encourage more intracontinental trade, what guarantees that the AfCTA will? The formation of the AfCFTA will definitely remove overlapping membership that existed with previous trading blocs on the continent, but what is different about the AfCFTA that will get rid of cumbersome regulation, boost manufacturing, and create jobs? This book argues that the dreams of AfCFTA will not be realized unless African countries make efforts to address the industry mix of their economies and to enforce the rules and regulations they set down on paper.
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