WHAT MORE TO DIGEST . . .
Lowering tariffs may not be the magic wand for promoting businesses and helping economies grow. But what lies in the value proposition of AfCFTA is its offer for incremental and long-term benefit in creating new markets for goods and services.
The Brookings Institution has this forecast for Africa through 2021, where it dedicated Chapter Five to address economic integration. The COVID-19 may have dealt the speedy implementation of the African Continent Free Trade Area (AfCFTA) a blow. But Brookings insists that leaders in Africa “must move forward with the ambitious project.”
The six benefits of a free trade regime worth pursuing between African countries, which may help the continent change the game in its favour.
Businesses basedin Africa or those from the outside but working with the continent can learn the nitty-gritty of the AfCFTA treaty.
For data nerds, here are graphs and statistics to devour on trade in Africa.