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Liberalizing Regional Trade Regimes Through AfCFTA

Challenges and Opportunities

Bibliographic Data

ID16767714
AuthorsChidebe Matthew Nwankwo (0000-0002-5924-9682, University of Nigeria, corresponding author), Collins Chikodili Ajibo (0000-0001-8661-6129, University of Nigeria, corresponding author)
Year2020
Volume64
Issue3
Pages297-318
Publication date2020-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of African Law (JOURNAL)
Journal identifiersISSN: 0221-8553 • E-ISSN: 1464-3731
PublisherCambridge University Press (PUBLISHER • US)
DOI10.1017/s0021855320000194
OpenAlexW3083341624
LanguageEN
Citations received3
References cited3

The ratification of the African Continental Free Trade Agreement (AfCFTA) marked a landmark event in the quest to achieve intra-African free trade. AfCFTA is poised to represent the largest free trade area outside the World Trade Organization. Although AfCFTA aspires to liberalize intra-African trade in goods and services to foster socio-economic development, there are concerns that capacity constraints may stultify the underlying goals. AfCFTA is expected to build on the considerable successes already achieved by Africa's regional economic communities. However, it fails to clarify how the overlapping regimes will be reconciled and harmonized. Nevertheless, the agreement is laudable for its quest to facilitate intra-African trade, foster regional value chains that can facilitate integration into the global economy, and energize industrialization, competitiveness and innovation. This article examines the celebrated AfCFTA to understand its potential amid local realities and the possible implications for the multilateral trading system

Business · Economic integration · Economics · Free trade · Industrialisation · International economics · International free trade agreement · International trade · Market economy · Political science · Ratification · Regional Integration · Trade barrier · Value (mathematics) · Global trade and economics · International Development and Aid · Law · World Trade Organization Law

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Unique citing works3
Citations per year0.75
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 3

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