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Africa-EU Relations and the African Continental Free Trade Area

Africa-EU Relations and the African Continental Free Trade Area
Author: Leon Mwamba Tshimpaka
Publisher: Springer Nature
Total Pages: 303
Release: 2024
Genre: Africa
ISBN: 3031579925

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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. .


Revisiting EU-Africa Relations in a Changing World

Revisiting EU-Africa Relations in a Changing World
Author: Fargion, Valeria
Publisher: Edward Elgar Publishing
Total Pages: 304
Release: 2021-09-07
Genre: Political Science
ISBN: 1839109823

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This timely book explores the current state of EU-Africa relations from a multidisciplinary perspective, placing emphasis on recent developments in five areas that are crucial for EU-Africa relations: development cooperation, trade, migration, security and democratization. It considers how Africa’s dependence on the EU has decreased due to the declining importance of development cooperation, and increasing cooperation with emerging powers, notably the BRIC nations.


The Routledge Handbook of EU-Africa Relations

The Routledge Handbook of EU-Africa Relations
Author: Toni Haastrup
Publisher: Routledge
Total Pages: 453
Release: 2020-12-30
Genre: Political Science
ISBN: 135169328X

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This handbook provides a comprehensive overview of the changing dynamics in the relationship between the African continent and the EU, provided by leading experts in the field. Structured into five parts, the handbook provides an incisive look at the past, present and potential futures of EU-Africa relations. The cutting-edge chapters cover themes like multilateralism, development assistance, institutions, gender equality and science and technology, among others. Thoroughly researched, this book provides original reflections from a diversity of conceptual and theoretical perspectives, from experts in Africa, Europe and beyond. The handbook thus offers rich and comprehensive analyses of contemporary global politics as manifested in Africa and Europe. The Routledge Handbook of EU-Africa Relations will be an essential reference for scholars, students, researchers, policy makers and practitioners interested and working in a range of fields within the (sub)disciplines of African and EU studies, European politics and international studies. The Routledge Handbook of EU-Africa Relations is part of the mini-series Europe in the World Handbooks examining EU-regional relations and established by Professor Wei Shen.


Beyond Market Access for Economic Development

Beyond Market Access for Economic Development
Author: Gerrit Faber
Publisher: Routledge
Total Pages: 405
Release: 2009-06-17
Genre: Business & Economics
ISBN: 1134015798

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Starting from the observation that the establishment of free trade as such will substantially impact upon economic development, the different contributions focus on the potential contribution of non-traditional aspects of EPAs.


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

The African Continental Free Trade Area: Potential Economic Impact and Challenges
Author: Mr.Lisandro Abrego
Publisher: International Monetary Fund
Total Pages: 41
Release: 2020-05-13
Genre: Business & Economics
ISBN: 1513542370

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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.


The African Continental Free Trade Area

The African Continental Free Trade Area
Author: Evita Schmieg
Publisher:
Total Pages: 0
Release: 2020
Genre:
ISBN:

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Zusammenfassung: 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


Did you say free trade ?

Did you say free trade ?
Author: Jacques Berthelot
Publisher: Editions L'Harmattan
Total Pages: 144
Release: 2018-09-21
Genre: Business & Economics
ISBN: 214010045X

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The headlong rush of the European Union (EU) in Free Trade Agreements reaches the paroxysm of absurdity when it imposes them on West Africa, whose per capita GDP is 21 times lower than its own. This Economic Partnership Agreement (EPA) would make West Africa lose 76% of its customs revenue on its imports from the EU and lead to a sharp rise in unemployment due to the loss of competitiveness of its companies including the informal sectors.The latter will be worsened by the premature signing, with support from the EU, of the Continental Free Trade Area by 13 of 16 West African States, all this based on a number of untruths from the European Commission, as identified in this book.


The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model
Author: Mr.Lisandro Abrego
Publisher: International Monetary Fund
Total Pages: 32
Release: 2019-06-07
Genre: Business & Economics
ISBN: 1498314392

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In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a multi-country, multi-sector general equilibrium model based on Costinot and Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model specifications—comprising both perfect competition and monopolistic competition—are used. Simulations include full elimination of import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk of these gains come from lowering NTBs. Overall gains for the continent are broadly similar under the three model specifications used, with considerable variation of potential welfare gains across countries in all model structures.


The African Continental Free Trade Area Agreement

The African Continental Free Trade Area Agreement
Author: Kofi Oteng Kufuor
Publisher: Taylor & Francis
Total Pages: 200
Release: 2024-02-06
Genre: Law
ISBN: 1003838332

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In 2018, the members of the African Union adopted the African Continental Free Trade Area Agreement (AfCFTA). This book examines the AfCFTA, dissecting its key provisions. It stresses the importance of the AfCFTA in the context of increasing episodes of trade protection in Africa, and it theorizes on the role of the treaty organs. The book also examines the importance of citizen participation for the success of the AfCFTA, as well as exploring the role sub-state actors can play. Ultimately, the study adds to the understanding of the array of problems that are associated with regional trade in Africa and the role law plays in resolving these problems. It will be of importance to academics and students of international law, especially those with an interest in African trade law, as well as legal professionals and policymakers.


Europe and Africa

Europe and Africa
Author: Giovanni Carbone
Publisher: Ledizioni
Total Pages: 128
Release: 2021-11-23
Genre: Political Science
ISBN: 8855265946

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A year and a half after the new Strategy with Africa proposed by the European Commission was made public, the new partnership between the two continents is still being defined. The impact of the Covid-19 pandemic with Africa’s first economic recession in 25 years and a sharp rise in poverty and debt has created new challenges for the two continents’ agenda, highlighting new gaps to address on the way forward.With the European Union-African Union summit scheduled for February 2022, the definition of the new partnership is once again gathering momentum, while both sides are still trying to define common positions. Will these two “natural partners” be able to tackle the most urgent challenges and turn them into opportunities for collaboration and engagement? What are the priority issues, and which ones are potentially most divisive?