Providing the first book-length analysis of the African Continental Free Trade Area (AfCFTA), this volume asks how can it be ensured that the AfCFTA is effectively implemented to deliver inclusive trade in Africa.
The African Continental Free Trade Area (AfCFTA) will cover an African market of 1.2 billion people and GDP of over $2.5 trillion, across all 55 member States of the African Union. Yet, trade policy increasingly appreciates that free trade is not enough; trade must also be inclusive to deliver developmental benefits. With contributions from leading trade policy authors across Africa and beyond, this book offers insights into the development and implementation of the AfCFTA and serves as a reference for stakeholders interested in trade in Africa more broadly. The contributors assess what important lessons can be drawn from the experiences of regional integration in and beyond Africa, including from success stories like ASEAN as well as from failures like the Free Trade Agreement of the Americas.
An important new work for researchers and policymakers focusing on African trade and economic policy, and trade policy more generally.
Foreword, Albert Muchanga
Introduction: bringing about inclusive trade in Africa with the African Continental Free Trade Area, David Luke and Jamie MacLeod
Chapter 1: Making the case for the African Continental Free Trade Area, David Luke
Part I: Lessons learned from regional integration in Africa and beyond
Chapter 2: The AfCFTA as yet another experiment towards continental integration: retrospect and prospect, Guillaume Gerout, Jamie MacLeod and Melaku Desta
Chapter 3: The failure of the Free Trade Area of the Americas: a cautionary tale for the African Continental Free Trade Area, Sebastian Herreros
Chapter 4: ASEAN at 50 and beyond, Mia Mikic and Weiran Shang
Part II: Implementing a "win-win" AfCFTA
Chapter 5: How important is special and differential treatment for an inclusive AfCFTA?, Lilly Sommer and Jamie MacLeod
Chapter 6: AfCFTA, value chains and overlapping origin regimes: a complementarity assessment along a segment of the copper value chain in Africa, Guillaume Gerout and Harrison Addo-Obiri
Chapter 7: Governance for an effective AfCFTA, Babajide Sodipo
Chapter 8: The AfCFTA in a changing trade landscape: rise of the emerging market economies and the persistence of African export dependency, Jamie MacLeod
Chapter 9: Regional Aid for Trade in Africa: a catalyst for economic integration and development, Frans Lammersen, Raffaela Muoio and Michael Roberts
Part III: Preparing for the AfCFTA phase II negotiations
Chapter 10: Approaching competition policy in the AfCFTA, Elizabeth Gachuiri
Chapter 11: A principled approach to intellectual property rights and innovation in the African Continental Free Trade Agreement, Caroline Ncube, Tobias Schonwetter, Jeremy De Beer and Chidi Oguamanam