Africa's historic free-trade agreement: 'short-term pain for long-term gain'

SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2022
TITLE AUTHOR(S): A.Teagle
KEYWORDS: AFRICA, AFRICAN CONTINENTAL FREE TRADE AREA, INDUSTRIAL DEVELOPMENT, SUSTAINABLE DEVELOPMENT
DEPARTMENT: Impact Centre (IC), Impact Centre (PRESS), Impact Centre (CC)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-march-2022/africa-historic-free-trade-agreement
Print: HSRC Library: shelf number 9812343
HANDLE: 20.500.11910/19361
URI: http://hdl.handle.net/20.500.11910/19361

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Abstract

The signatories of the African Continental Free Trade Area (AfCFTA) hope that the agreement will galvanise trade in manufactured goods and services, creating jobs and accelerating industrialisation on the continent. If successfully implemented, the AfCFTA will create the biggest trade bloc in the world, with additional free movement of investment and protection of intellectual property rights.