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The African Continental Free Trade Area: perspectives for Africa, policy choices for Europe
Die Afrikanische Freihandelszone: Perspektiven für Afrika und die europäische Politik
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The Agreement Establishing the African Continental Free Trade Area (AfCFTA) came into force in May 2019. Ultimately the AfCFTA is designed to create a comprehensive African market; what is does at this stage is set in motion a set of complex and foreseeably very lengthy negotiations. The outcome of... view more
The Agreement Establishing the African Continental Free Trade Area (AfCFTA) came into force in May 2019. Ultimately the AfCFTA is designed to create a comprehensive African market; what is does at this stage is set in motion a set of complex and foreseeably very lengthy negotiations. The outcome of that process will not yet be full free trade in Africa, but it will bring about a reduction in tariffs with the potential to stimulate production and trade and boost regional value chains. It is, however, too early to be discussing modifying the European Union’s trade policy towards Africa, or for this to be an issue for the upcoming German Council Presidency. Nevertheless, Germany and the European Union should continue to follow and support the process of establishing the AfCFTA, which is an important political process with significant long-term economic potential for Africa. (author's abstract)... view less
Keywords
Africa; economic relations; economic cooperation; international cooperation; international agreement; economic policy; trade policy; liberalization; free trade area; economic growth; competitiveness; third countries; EU; customs union
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Economic Policy
Free Keywords
Regionale Wirtschaftskooperation; African Continental Free Trade Area; Produktionsumfang; East African Community; Economic Community of West African States
Document language
English
Publication Year
2020
City
Berlin
Page/Pages
8 p.
Series
SWP Comment, 10/2020
DOI
https://doi.org/10.18449/2020C10
ISSN
1861-1761
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications