GTAP Resources: Resource Display
| GTAP Resource #5599 |
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"A Positive Agenda for African Economies: Assessment of the African Continental Free Trade Area Modalities" by Mevel, Simon and Stephen Karingi Abstract On 15 June 2015, African Union (AU) Heads of State and Government agreed to officially launch the negotiations to establish a Continental Free Trade Area (CFTA)-which is expected to bring together all African countries, more than one billion people and a combined GDP of over USD 2.2 trillion. They also reiterated the ambition to conclude the first phase of the negotiations on trade in goods and trade in services by the indicative date of 31 December 2017. While the tentative 2017 deadline was missed, 44 African Union Member States did signed the Agreement establishing the African Continental Free Trade Area (AfCFTA) on 21 March in Kigali, Rwanda. Surely, there is still a long way to go before an ambitious AfCFTA reform is in place but the significant progress made so far must be acknowledged. As the African Union’s chief technical adviser on the CFTA, Prudence Sebahizi, said to The Economist, “You create the foundation, then you can build the house” . The United Nations Economic Commission for Africa (ECA), recognized as a major think-tank based in the African continent, had produced the first assessment of the expected implications from a possible CFTA reform on African economies. ECA’s Computable General Equilibrium (CGE) assessment was published back in 2012 in the 5th edition of Assessing Regional Integration in Africa (ARIA) report and has been instrumental in driving and informing the CFTA process since then. Nevertheless, there is a need to urgently produce an updated and refined assessment using the latest modalities for trade liberalization currently on the table with possible alternative but realistic scenarios. |
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- Dynamic modeling - Preferential trading arrangements - Africa (Central) - Africa (East) - Africa (North) - Africa (Southern) - Africa (West) |
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Last Modified: 9/15/2023 2:05:45 PM
