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Regionalism, “continentalism,” and multilateralism: Building or stumbling blocks for Africa?

In: Africa Agriculture Trade Monitor 2025

Author

Listed:
  • Sall, Leysa Maty
  • Bouët, Antoine
  • Seck, Abdoulaye

Abstract

Following World War II, a multilateral framework was established to structure global trade based on shared principles, including nondiscrimination through Most Favored Nation (MFN) treatment, consolidation of customs duties, the ability to implement trade remedies in cases of unfair competition, and the creation of transparent trade policies and a binding dispute settlement mechanism. This framework was established in the General Agreement on Tariffs and Trade (GATT) and later by the World Trade Organization (WTO). It facilitated the rapid expansion of international trade for several decades: according to the WTO, world trade volume today is 45 times the level recorded in 1950.

Suggested Citation

  • Sall, Leysa Maty & Bouët, Antoine & Seck, Abdoulaye, 2025. "Regionalism, “continentalism,” and multilateralism: Building or stumbling blocks for Africa?," IFPRI book chapters, in: Africa Agriculture Trade Monitor 2025, chapter 5, pages p. 139-17, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifpric:181000
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    References listed on IDEAS

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    1. James E. Anderson & Yoto V. Yotov, 2012. "Gold Standard Gravity," Boston College Working Papers in Economics 795, Boston College Department of Economics.
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