Nigeria and the African Continental Free Trade Agreement Area (AFCFTA): Issues, Challenges and Prospect.

In order to improve intra-continental trade in Africa Union (AU) introduced the African Continental Force Trade Agreement Area (AFCTFA) to create single continental market for the free movement of goods and services within the African Continent. AU is progressively eliminating tariffs as well as non-tariff barrier to African trade through the AFCFTA which will make it easier for African businesses to trade within the continent and benefit from growing African market. Nigeria’s position on the AFCFTA remains that African economic and social integration must be rules-based and with built-in safeguard against injurious practices. AFCFTA is an important part of the AU – 2063 Agenda to promote economic and social integration on the continent. Agreement comprises of the framework, the protocols for trade in goods and trade in services and the mechanism for dispute resolution. AFCFTA is to facilitate economic growth and diversification through preferential access to Africa’s market. The paper examines Nigeria’s stands which states that continental aspirations must compliment Nigeria’s national interest which includes not positioning it as a dumping ground for finished goods. The paper makes use of secondary source of data to elicit information while it examines the challenges like how will the agreement be implemented on the ground without the necessary infrastructure being built without the procedural issues that makes corruption very possible at the borders. The paper adopts free trade theory to midwife the study.

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African Continental Free-Trade Area: Key Challenges

Perspectives on Global Development and Technology ◽

10.1163/15691497-12341582 ◽

2021 ◽

Vol 20 (1-2) ◽

pp. 57-76

Author(s):

Ifeanyi Ezeonu

Keyword(s):

Free Trade ◽

Free Trade Agreement ◽

Free Trade Area ◽

Trade Agreement ◽

Economic Transformation ◽

First Century ◽

African Continent ◽

Goods And Services ◽

Trade Area ◽

Free Movement Of Persons

Abstract On March 21, 2018, the African Continental Free Trade Agreement was signed in Kigali, Rwanda by an overwhelming majority of African states. This Agreement, which was designed to create a free-trade area across the African continent, came into force on May 30, 2019, following its ratification by twenty-two African states as provided for in the agreement. The resultant free-trade area is intended to integrate African markets, stimulate industrialization, and engender the economic transformation of the continent through the promotion of free movement of persons, capital, goods, and services across the continent. This article discusses the key challenges facing the new free-trade zone and the prospects of the trade zone for African industrialization and economic development in the twenty-first century.

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O acordo continental africano de livre comércio: esperanças e desafios

Cadernos de Campo: Revista de Ciências Sociais - FAZER ENUNCIATIVO DIANTE DE DESAFIOS SOCIAIS CONTEMPORÂNEOS: COMO DISCURSOS POLÍTICOS E SOCIAIS PASSARAM A SER MOLDADOS ◽

10.47284/2359-2419.2020.29.137159 ◽

2021 ◽

pp. 137-159

Author(s):

Conrado Ottoboni Baggio

Keyword(s):

Free Trade ◽

Free Trade Agreement ◽

Trade Agreement ◽

African Continent ◽

Effective Compliance

The signing of the Continental African Free Trade Agreement (AfCFTA), in 2018, can be considered a historic feat both in terms of the number of participating countries and the number of people and resources covered by it. However, historical problems regarding the African continent as a whole, added to the internal issues of member countries and the very magnitude of the agreement, pose considerable challenges to its effective compliance. Thus, the purpose of this article is to present the process of creating the AfCFTA, as well as to point out the various political and economic obstacles that can negatively affect its implementation.

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Researching the U.S.-Canada free Trade Agreement

International Journal of Legal Information ◽

10.1017/s0731126500026007 ◽

1990 ◽

Vol 18 (1) ◽

pp. 17-32

Author(s):

Lyonette Louis-Jacques

Keyword(s):

United States ◽

Free Trade ◽

Free Trade Agreement ◽

Prime Minister ◽

Trade Agreement ◽

Ronald Reagan ◽

The United States ◽

Department Of State ◽

Goods And Services ◽

The U.S

This is a research guide and bibliography concerning American and Canadian sources of and about the United States—Canada Free Trade Agreement. The Agreement is also called the Canada-U.S. Free Trade Agreement, Canada-American Free Trade Agreement, or the FTA. Formal negotiations concerning the Agreement began on March 18, 1985 at the “Shamrock Summit” (also called the “Quebec Summit”) with the signing of the Declaration on Trade in Goods and Services by U.S. President Ronald Reagan and Canadian Prime Minister Brian Mulroney. The history of the FTA negotiations is set forth in the Winham book listed below, in the Department of State Bulletin, in newspapers, and in documents created during U.S. Congressional consideration of implementing legislation such as Senate Report No. 100–509. See also Battram, Canada-United States Trade Negotiations: Continental Accord or a Continent Apart?, 22 International Lawyer 345 (1988). The Agreement was signed by President Reagan and Prime Minister Mulroney on January 2, 1988 and, after implementing legislation was enacted in the United States and Canada, the Agreement entered into force on January 1, 1989. Its main purpose is the elimination of all tariffs on trade between the U.S. and Canada by January 1, 1998.

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