The Economic Significance of Intra-African Trade

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis The Economic Significance of Intra-African Trade by : Andrew Mold

Download or read book The Economic Significance of Intra-African Trade written by Andrew Mold and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: To make its case, the paper starts with a theoretical and empirical review of the drivers of trade growth globally, highlighting the role played by regional trade agreements. Because of econometric and methodological errors, earlier studies purportedly showing that previous regional integration efforts on the continent were ineffective are wrong: Recent research points to these agreements boosting intra-African exports by 27 to 32 percent on average. Moreover, contrary to received wisdom, there is nothing out-of-the-ordinary in the existing levels of intra-regional trade; indeed, by some metrics, parts of Africa display a stronger degree of trade integration than comparable regions elsewhere in the world. Finally, the paper provides a recalculation of the intensity of intra-African trade, taking into account structural economic differences and the prevalence of informal cross-border trade, to arrive at a set of new estimates. The paper ends by arguing that, as AfCFTA implementation begins, it is time to change the narrative and to start to "talk up" intra-African trade

The African Continental Free Trade Area: Potential Economic Impact and Challenges

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Publisher : International Monetary Fund
ISBN 13 : 1513542370
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The African Continental Free Trade Area: Potential Economic Impact and Challenges by : Mr.Lisandro Abrego

Download or read book The African Continental Free Trade Area: Potential Economic Impact and Challenges written by Mr.Lisandro Abrego and published by International Monetary Fund. This book was released on 2020-05-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is expected to cover all 55 African countries, with a combined GDP of about US$2.2 trillion. This SDN takes stock of recent trade developments in Sub-Saharan Africa and assesses the potential benefits and costs of the AfCFTA, as well as challenges to its successful implementation. In addition to increased trade flows both in existing and new products, the AfCFTA has the potential to generate substantial economic benefits for African countries. These benefits include higher income arising from increased efficiency and productivity from improved resource allocation, higher cross-border investment flows, and technology transfers. Besides lowering import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient their customs procedures, reducing their wide infrastructure gaps, and improving their business climates. At the same time, policy measures should be taken to mitigate the differential impact of trade liberalization on certain groups as resources are reallocated in the economy and activities migrate to locations with comparatively lower costs.

Negotiating South-South Regional Trade Agreements

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Publisher : Springer
ISBN 13 : 3319455699
Total Pages : 166 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Negotiating South-South Regional Trade Agreements by : Gbadebo Odularu

Download or read book Negotiating South-South Regional Trade Agreements written by Gbadebo Odularu and published by Springer. This book was released on 2017-01-26 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of South-South regional trade issues, with a particular focus on sustainably fostering Africa’s regional trade agenda. It examines the extent to which South-South regional trade agreements (RTAs) have contributed toward enhancing regional integration and economic expansion in Africa in particular, and in the South in general. The authors recommend new conceptual frameworks, appropriate initiatives, and workable policy recipes to help South-South RTAs enhance Africa’s economic transformation trajectory. The book underscores the geo-politics, as well as the opportunities and challenges that emerging economies now represent for Africa in the context of South-South regional trade policy. Readers will learn how Africa can strengthen its regional trade game by securing and building on the positive outcomes of South-South RTAs.

Regional Integration and Trade in Africa

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Publisher : Springer
ISBN 13 : 1137462051
Total Pages : 235 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Regional Integration and Trade in Africa by : Mthuli Ncube

Download or read book Regional Integration and Trade in Africa written by Mthuli Ncube and published by Springer. This book was released on 2014-12-21 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the current trends and challenges of regional integration and trade in Africa. It provides valuable policy recommendations aimed at stimulating the debate among the government, private sector and development community on the ways to promote regional trade for Africa's economic development.

Inclusive Trade in Africa

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Publisher : Routledge
ISBN 13 : 0429684754
Total Pages : 234 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Inclusive Trade in Africa by : David Luke

Download or read book Inclusive Trade in Africa written by David Luke and published by Routledge. This book was released on 2019-04-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing the first book-length analysis of the African Continental Free Trade Area (AfCFTA), this volume asks how can it be ensured that the AfCFTA is effectively implemented to deliver inclusive trade in Africa. The African Continental Free Trade Area (AfCFTA) will cover an African market of 1.2 billion people and GDP of over $2.5 trillion, across all 55 member States of the African Union. Yet, trade policy increasingly appreciates that free trade is not enough; trade must also be inclusive to deliver developmental benefits. With contributions from leading trade policy authors across Africa and beyond, this book offers insights into the development and implementation of the AfCFTA and serves as a reference for stakeholders interested in trade in Africa more broadly. The contributors assess what important lessons can be drawn from the experiences of regional integration in and beyond Africa, including from success stories like ASEAN as well as from failures like the Free Trade Agreement of the Americas. An important new work for researchers and policymakers focusing on African trade and economic policy, and trade policy more generally.

Assessing Regional Integration in Africa IV

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Publisher : United Nations Publications
ISBN 13 : 9789211251142
Total Pages : 504 pages
Book Rating : 4.2/5 (511 download)

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Book Synopsis Assessing Regional Integration in Africa IV by : African Union

Download or read book Assessing Regional Integration in Africa IV written by African Union and published by United Nations Publications. This book was released on 2010 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The publication seeks to address the pressing issues that are negatively affecting trade amongst African countries. It undertakes a comprehensive empirical analysis of intra-African trade to determine why it has remained consistently low over the past decades. The report proposes concrete recommendations, to be implemented by member States, Regional Economic Communities (RECs), members of the private-sector, and other stakeholders in Africa's development. It also analyses the various policy issues and other factors that have affected intra-African trade.

African Perspectives on Trade and the WTO

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Publisher : Cambridge University Press
ISBN 13 : 9781316626528
Total Pages : 0 pages
Book Rating : 4.6/5 (265 download)

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Book Synopsis African Perspectives on Trade and the WTO by : Patrick Low

Download or read book African Perspectives on Trade and the WTO written by Patrick Low and published by Cambridge University Press. This book was released on 2016-09-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-first century Africa is in a process of economic transformation, but challenges remain in areas such as structural reform, governance, commodity pricing and geopolitics. This book looks into key questions facing the continent, such as how Africa can achieve deeper integration into the rules-based multilateral trading system and the global economy. It provides a range of perspectives on the future of the multilateral trading system and Africa's participation in global trade and underlines the supportive roles that can be played by multilateral and regional institutions during such a rapid and uncertain transition. This volume is based on contributions to the Fourth China Round Table on WTO Accessions and the Multilateral Trading System, which took place just before the World Trade Organization's Tenth Ministerial Conference in Nairobi in December 2015.

Framework for boosting intra-African trade in agricultural commodities and services

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Publisher : Food & Agriculture Org.
ISBN 13 : 9251339147
Total Pages : 80 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis Framework for boosting intra-African trade in agricultural commodities and services by : Food and Agriculture Organization of the United Nations

Download or read book Framework for boosting intra-African trade in agricultural commodities and services written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2021-02-10 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African agricultural and food market is expanding quickly as indicated by World Bank projections that show that the value of Africa’s agriculture and agribusiness industry is expected to more than triple to reach USD 1 trillion by 2030, compared to 2010 (World Bank, 2013). This provides an opportunity to not only boost trade in food and non-food agricultural commodities and services within the continent but also enhance food security in Africa. Regional integration is also gaining momentum as evidenced by progress in the creation of customs unions and the initial steps in setting up a common external tariff at the regional level in a number of regional economic communities (RECs) such as the East African Community (EAC) and the Economic Community of West African States (ECOWAS). The establishment of the African Continental Free Trade Area (AfCFTA) further reinforces the gains achieved in regional integration and opens new market opportunities for farmers and other economic operators.It has been shown that the export of higher value-added products made in Africa is greater in regional markets than in external markets outside Africa, which are typically dominated by raw material exports. However, more than a decade after the adoption of the Comprehensive Africa Agriculture Development Programme (CAADP) in Maputo in 2003 by the New Partnership for Africa’s Development (NEPAD) in response to the stagnation of African agriculture, Africa continues to remain a marginal player, accounting for only 2.7 percent of world trade in goods and 5 percent of world agricultural trade (Bouët and Odjo, 2019).These figures are likely to trend downwards significantly in the near term due to the economic shock caused by the onset of the COVID-19 pandemic in 2020. The continent currently depends to a significant degree on extra-African sources for imports of food and agricultural products. The share of intra-African agricultural trade has been consistently below 20 percent in recent decades (Bouët and Odjo, 2019; AGRA, 2019). Comparable figures for intraregional agricultural trade are higher for Asia and Europe (more than 60 percent).

Trade and Industrial Development in Africa

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Publisher : CODESRIA
ISBN 13 : 2869785712
Total Pages : 406 pages
Book Rating : 4.8/5 (697 download)

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Book Synopsis Trade and Industrial Development in Africa by : Moyo, Theresa

Download or read book Trade and Industrial Development in Africa written by Moyo, Theresa and published by CODESRIA. This book was released on 2015-03-02 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa's development. It uses data drawn from national development plans and strategies, and trade and industry issues have been prioritized at the continental level, in key policy documents. On the whole Africa's industry and trade performance have been poor in spite of national, regional, and continental plans. The contributors to this volume propose some alternative strategies and policies which are necessary for trade and industry to grow and to contribute to the well-being of Africa's people. It calls for a developmental trade and industry policy which, fundamentally, must be people-centred. African states should invest time, energy and resources to develop policies which will take into consideration African realities.The different contributors are aware that Africa has experienced strong economic growth in the recent past but this growth has largely been due to a strong demand for Africa's primary commodity exports. It has also been a result of increases in productivity and domestic investment and remittances from Africans living in the Diaspora. It is important to note that despite this unprecedented growth performance, the impact of trade and industry on development has been limited. The book argues that a structural transformation of Africa's economies is inevitable if Africa is to achieve the shift from the dominant paradigm of production and export of primary goods. The various contributors to this book agree that there is need to rethink policy and strategy in order to achieve industrial development in Africa. There is no unique solution or answer that can fit all situations as African countries are not the same. While Africa can draw lessons from other regions which have successfully industrialized, this book argues that policies and strategies will have to be adapted to country-specific situations and circumstances.

Informal cross-border trade in Africa: How much? Why? And what impact?

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)

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Book Synopsis Informal cross-border trade in Africa: How much? Why? And what impact? by : Bouet, Antoine

Download or read book Informal cross-border trade in Africa: How much? Why? And what impact? written by Bouet, Antoine and published by Intl Food Policy Res Inst. This book was released on 2018-12-21 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informal cross-border trade (ICBT) represents a prominent phenomenon in Africa. Several studies suggest that for certain products and countries, the value of informal trade may meet or even exceed the value of formal trade. This paper provides a review of existing efforts to measure informal trade. We list 18 initiatives aimed at measuring ICBT in Africa. The paper also summarizes discussions conducted with many stakeholders in Africa between December 2016 and May 2018 regarding the measurement, the determinants, and the implications of ICBT. The methodologies used to measure ICBT in Africa differ widely, but they do confirm that informal trade in Africa is both sizeable and volatile. Both evidence on the determinants of ICBT and discussions with stakeholders suggest that policies should aim to reduce the existing costs associated with formal trade and provide positive incentives for traders and producers to move into the formal economy in order to avoid the loss of economic potential stemming from informal trade.

Assessing Regional Integration in Africa

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Publisher : United Nations, Economic Commission for Africa
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Assessing Regional Integration in Africa by : United Nations. Economic Commission for Africa

Download or read book Assessing Regional Integration in Africa written by United Nations. Economic Commission for Africa and published by United Nations, Economic Commission for Africa. This book was released on 2004 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines progress towards regional integration in Africa; defined as one of the anchoring ideals of African unity and the basis for the New Partnership for Africa's Development (NEPAD) development framework. The report analyses the current state of the integration process, highlighting where efforts have succeeded or failed. Findings include that progress has been mixed across sectors, regional economic communities and member states; with some notable progress in trade, communications, transport and macroeconomic policy. Overall however, substantial gaps remain between goals and achievements of most regional economic communities, particularly in terms of internal African trade, macroeconomic policy convergence, production and physical connectivity. A summary report is also available (ISBN 9211250927)

Exchange Control and Its Impact on the Expansion of Intra-African Trade

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Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (542 download)

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Book Synopsis Exchange Control and Its Impact on the Expansion of Intra-African Trade by : United Nations. Economic Commission for Africa

Download or read book Exchange Control and Its Impact on the Expansion of Intra-African Trade written by United Nations. Economic Commission for Africa and published by . This book was released on 1979 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Trade Arrangements in Africa

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Publisher : International Monetary Fund
ISBN 13 : 9781589064393
Total Pages : 62 pages
Book Rating : 4.0/5 (643 download)

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Book Synopsis Regional Trade Arrangements in Africa by : Yongzheng Yang

Download or read book Regional Trade Arrangements in Africa written by Yongzheng Yang and published by International Monetary Fund. This book was released on 2005-09-20 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectiveness of trade policy as a tool for poverty reduction and growth. This paper examines the record of RTAs in promoting trade and investment. It also explores policy measures that may help improve RTAs' performance.

A Handbook on Regional Integration in Africa

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Publisher : Commonwealth Secretariat
ISBN 13 : 1849291675
Total Pages : 95 pages
Book Rating : 4.8/5 (492 download)

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Book Synopsis A Handbook on Regional Integration in Africa by : Brendan Vickers

Download or read book A Handbook on Regional Integration in Africa written by Brendan Vickers and published by Commonwealth Secretariat. This book was released on 2017-04-10 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Handbook on Regional Integration in Africa advises and informs on current dynamics, opportunities, challenges and policy options for Africa’s regional integration agenda. It is a unique resource for supporting capacity-building on African regional trade issues.

Intra-African agricultural trade: Recent trends and nutritional content

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Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Intra-African agricultural trade: Recent trends and nutritional content by : Olivetti, Elsa

Download or read book Intra-African agricultural trade: Recent trends and nutritional content written by Olivetti, Elsa and published by Intl Food Policy Res Inst. This book was released on 2023-10-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing intra-African trade has long been an important development objective. The free movement of goods, services, factors of production, and people is seen as a key outcome of the African Union’s Agenda 2063, which expresses broad goals and aspirations for development and political and economic integration on the continent. The 2014 Malabo Declaration on Accelerated Agricultural Growth and Transformation for Shared Prosperity and Improved Livelihoods includes tripling intra-African agricultural trade by 2025 as one of seven major commitments. The African Continental Free Trade Area (AfCFTA), launched in January 2021, seeks to increase intra-African trade in order to boost industrial and socioeconomic development. With several important areas of the AfCFTA Agreement, including rules of origin, still under negotiation as of early 2023, the African Union adopted “Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation” as its theme for 2023 in an effort to increase attention and commitment to the AfCFTA.

Africa-EU Relations and the African Continental Free Trade Area

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Author :
Publisher : Springer Nature
ISBN 13 : 3031579925
Total Pages : 303 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Africa-EU Relations and the African Continental Free Trade Area by : Leon Mwamba Tshimpaka

Download or read book Africa-EU Relations and the African Continental Free Trade Area written by Leon Mwamba Tshimpaka and published by Springer Nature. This book was released on 2024 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the establishment and implementation of the AfCFTA, which is the largest free trade area globally, covering 54 African countries. It explores how this initiative has the potential to reshape Africa-EU relations by promoting intra-African trade, economic integration, and diversification, as well as inter-regional trade. Both continents have potential to serve as global actors in reshaping the global order in ways that can affect how multilateralism foster inclusive development. However, whether this will happen would be a function of how the EU and AU define their interests and relationship. Leon Mwamba Tshimpaka is Senior Postdoctoral Research Fellow in the Centre for the Study of Governance Innovation (GovInn) and the SARChI Research Chair in the Political Economy of Migration in the SADC Region in the Department of Political Sciences of the University of Pretoria, South Africa. Samuel Ojo Oloruntoba is Assistant Professor at the Institute of African Studies, Carleton University, Ottawa, Ontario, Canada and Honorary Professor at the Thabo Mbeki African School of Public and International Affairs, University of South Africa, where he was previously an Associate Professor. .

Economic Development Through Regional Trade

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Publisher : Springer
ISBN 13 : 0230369928
Total Pages : 281 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Economic Development Through Regional Trade by : K. Kimbugwe

Download or read book Economic Development Through Regional Trade written by K. Kimbugwe and published by Springer. This book was released on 2012-02-14 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-colonial Africa is littered with regional trade agreements that amounted to little more than a photo opportunity for the leaders that signed them. This book explores conventional explanations for past failures and posits a new theory rooted in the symbiotic relationship between authoritarian politics and crony-capitalism.