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African Continental Free Trade Area as a New Step in African Integration

Author

Listed:
  • Tat`yana Aleksandrovna Bakven`e

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Olga Vladimirovna Ponomareva

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The African Continental Free Trade agreement Area entered into force in May 2019. This framework agreement is based on the regional blocs already formed in Africa, including the Tripartite Agreement. So far the countries have agreed on key horizontal provisions. Specific market access obligations for trade in goods and services are under consideration. If completed, the African Continental Free Trade Area will become a regional mega-bloc and mark a new stage of integration in Africa.

Suggested Citation

  • Tat`yana Aleksandrovna Bakven`e & Olga Vladimirovna Ponomareva, 2021. "African Continental Free Trade Area as a New Step in African Integration," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 58-71, November.
    • Handle: RePEc:alq:rufejo:rfej_2021_11_58-71
    DOI: 10.24412/2072-8042-2021-11-58-71
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