The African Continental Free Trade Area and the trade facilitation agreement: some regional macroeconomic impacts

2020 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Mustapha Sadni Jallab ◽  
Patrice Rélouendé Zidouemba

Subject Africa's Continental Free Trade Area. Significance An extraordinary African Union (AU) summit on March 21 is expected to see AU members sign an agreement establishing the African Continental Free Trade Area (CFTA), after trade ministers agreed the overall framework in December. The CFTA is set to become the world’s largest single market, incorporating the AU’s 55 members, with a combined population of 1.2 billion and GDP of over 3.0 trillion dollars. Impacts Full implementation of WTO’s trade facilitation agreement alongside CFTA could double intra-African trade volumes within a decade. Trade protectionism in the Trump and Brexit era could hasten uptake of CFTA to bolster Africa’s bargaining clout. Inter- (South Africa versus Nigeria) and intra- (Kenya versus Tanzania) regional rivalries will remain major risks.


2021 ◽  
Vol 251 ◽  
pp. 01023
Author(s):  
Lili Sun

Economic and trade cooperation between China and ASEAN countries has made new progress with the introduction of the concept of Belt and Road. In 2015, China and ASEAN formally signed the outcome document of negotiations on an upgraded free trade area, which shows that China-asean relations have became better. Enhancing the trade facilitation level of the Free Trade Area can improve the economic and trade exchanges between China and ASEAN. The premise of studying how to improve the trade facilitation level of Free Trade Area is to measure the trade facilitation level of free trade area. In this paper, trade facilitation is divided into four categories and 19 sub-indexes, and the measurement model of trade facilitation in free trade area is established to measure the trade facilitation level between China and ASEAN countries.


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