... of the few positive trends in the global economy in recent years has been the greater prominence of regional integration in the Global South of which perhaps the most important has been the AU-led creation of the African Continental Free Trade Area (AfCFTA). The African Union is in the process of accession to the core of the G20 grouping as a full-fledged member and is also a participant of the BRICS+ meetings that in turn are increasingly targeting regional groupings from the Global South. What ...
... platforms, increasing the scale of integration with every following step of the assembly process.
The first pan-continental free trade area in the developing world has been achieved in Africa with the launching of the African Continental Free Trade Area (AfCFTA). This step, in effect, allowed for the creation of a framework for co-integrating the numerous regional integration arrangements on the African continent. The next possible step towards a pan-continental free trade area could be observed in the ...
... heart. Both parties continue to pursue their own rigorous cooperation strategies with the continent – Russia is preparing to open its very first industrial zone in Egypt, and the EU has guaranteed its seat at African Continental Free Trade Agreement (AfCFTA) negotiations, allocating more than 50 Million Euros and even more generous consultative assistance to the involved African parties. Apart from that, just recently the European Union published its updated strategy with Africa ahead of the 6th EU-Africa ...
... Africa’s fight for its own existence.
Nonetheless, it is globally acknowledged that Africa is a very rich continent. However, we need to become more than just a source of raw materials by developing the manufacturing sector. Initiatives such as the AfCFTA are being further developed and need time to come into effect and create tangible results.
There is a lot of debate today on the continent about the dark side of foreign aid and the extraction of resources by Western countries or companies. The ...
... trade barriers regionally would allow for third parties to enter the African market via one country. He added that this would be made possible by successful negotiations and the proper implementation of the African Continental Free Trade Agreement (AfCFTA).
The Agreement entered into force on May 30, 2019 after its 22nd ratification, signaling the start of a long and tedious negotiation process that will largely determine the nature and exact conditions of the agreement. Schedules of tariff concessions ...
