IDEAS home Printed from https://ideas.repec.org/p/ocp/pbecon/pbnn_40.html

Fostering investment and inclusivity in Africa’s Continental Free Trade Area

Author

Listed:
  • Larabi Jaïdi
  • Bruce Byiers
  • Saloi El Yamani

Abstract

As the African Continental Free Trade Area (AfCFTA) enters its fifth year, the rules of origin for trade in goods are still being finalised, but the institutional architecture is nearly complete with increased capacity, technical committees and new supporting instruments. Despite this progress in AfCFTA ‘policy supply’, meaningful trade under the AfCFTA is still to begin. For this to happen, there must be ‘policy demand’ from the private sector to use the agreement’s range of protocols in shaping their investment and trade decisions and relations. Private sector engagement has so far varied across member states, with some demonstrating robust integration of business feedback while others lag in private sector consultation and involvement. Recommendations focus on enhancing private sector engagement and thus the use and impact of the AfCFTA through: - Increased awareness and practical application of AfCFTA protocols. - Sector-specific support aligned with AfCFTA’s goals. - Strengthening the roles of AU, RECs and the AfCFTA secretariat in national strategy alignment. - Promoting regional value chains with strategic financing and partnerships. - Improving the investment climate to facilitate cross-border trade and investment. Ultimately, AfCFTA’s success depends on robust implementation, dynamic private sector involvement and tailored strategies to meet diverse economic needs across Africa.

Suggested Citation

  • Larabi Jaïdi & Bruce Byiers & Saloi El Yamani, 2024. "Fostering investment and inclusivity in Africa’s Continental Free Trade Area," Policy briefs on Economic Trends and Policies 2414, Policy Center for the New South.
    • Handle: RePEc:ocp:pbecon:pbnn_40
    as

    Download full text from publisher

    File URL: https://www.policycenter.ma/sites/default/files/2024-05/BN%20182%20AfCFTA%20investment%20RVCs%20and%20Inclusion.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lant Pritchett & Mary Hallward-Driemeier, 2010. "How Business is Done and the 'Doing Business' Indicators: The Investment Climate when Firms have Climate Control," CID Working Papers 211, Center for International Development at Harvard University.
    2. repec:wbk:wbpubs:24910 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harrison, Ann E. & Lin, Justin Yifu & Xu, Lixin Colin, 2014. "Explaining Africa’s (Dis)advantage," World Development, Elsevier, vol. 63(C), pages 59-77.
    2. Timothy Besley, 2015. "Law, Regulation, and the Business Climate: The Nature and Influence of the World Bank Doing Business Project," Journal of Economic Perspectives, American Economic Association, vol. 29(3), pages 99-120, Summer.
    3. Dinuk Jayasuriya, 2011. "Improvements in the World Bank's Ease of Doing Business Rankings: Do they translate into greater foreign direct investment inflows?," Development Policy Centre Discussion Papers 1108, Development Policy Centre, Crawford School of Public Policy, The Australian National University.
    4. Lant Pritchett & Lawrence H. Summers, 2013. "Asia-phoria meet regression to the mean," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-35.
    5. Matt Andrews, 2014. "An Ends-Means Approach to Looking at Governance," CID Working Papers 281, Center for International Development at Harvard University.
    6. Andrews, Matt, 2014. "An Ends-Means Approach to Looking at Governance," Working Paper Series rwp14-022, Harvard University, John F. Kennedy School of Government.
    7. repec:ocp:pbtrad:afcfta_5_24 is not listed on IDEAS
    8. Docquier, Frédéric & Lodigiani, Elisabetta & Rapoport, Hillel & Schiff, Maurice, 2016. "Emigration and democracy," Journal of Development Economics, Elsevier, vol. 120(C), pages 209-223.
    9. repec:ocp:ppaper:pb24-25vc is not listed on IDEAS
    10. Fabien Clive Ntonga Efoua & Etienne Inédit Blaise Tsomb Tsomb, 2023. "Commodity Shocks and External Currency Stability : An Empirical Evidence from CEMAC [Chocs sur les produits de base et stabilité externe de la monnaie : une évidence empirique en CEMAC]," Post-Print hal-04273963, HAL.
    11. Duvanova, Dinissa, 2014. "Economic Regulations, Red Tape, and Bureaucratic Corruption in Post-Communist Economies," World Development, Elsevier, vol. 59(C), pages 298-312.
    12. Dutz, Mark A. & Kessides, Ioannis & O'Connell, Stephen & Willig, Robert D., 2011. "Competition and innovation-driven inclusive growth," Policy Research Working Paper Series 5852, The World Bank.
    13. Morck, Randall & Yeung, Bernard, 2016. "China in Asia," China Economic Review, Elsevier, vol. 40(C), pages 297-308.
    14. repec:ocp:rpaeco:none is not listed on IDEAS
    15. Luca Barbone & Richard M. Bird & Jaime Vazquez-Caro, 2012. "The Costs of VAT: A Review of the Literature," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1222, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    16. Larabi Jaïdi & Bruce Byiers & Saloi El Yamani, 2024. "Fostering investment and inclusivity in Africa’s Continental Free Trade Area," Policy briefs on Trade Dynamics and Policies 2403, Policy Center for the New South.
    17. repec:ocp:pbecon:none is not listed on IDEAS
    18. repec:ocp:rtrade:afcfta_05_24 is not listed on IDEAS
    19. World Bank, 2012. "KCP Perspectives 2(1)," World Bank Publications - Reports 21704, The World Bank Group.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ocp:pbecon:pbnn_40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Policy Center for the New South's Customer service The email address of this maintainer does not seem to be valid anymore. Please ask Policy Center for the New South's Customer service to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/ocppcma.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.