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

Authors

  • Tat'yana Aleksandrovna Bakven'e Russian Foreign Trade Academy
  • Olga Vladimirovna Ponomaryova Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2021-11-58-71

Keywords:

Regional integration, trade policy, free trade area, framework agreement, market access, trade facilitation, African Continental Free Trade Area, Africa

Abstract

The African Continental Free Trade agreement Area entered into force in May 2019. Th is 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.

Author Biographies

Tat'yana Aleksandrovna Bakven'e, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (6А Vorobiyovskoe shosse, 119285, Moscow), Institute of International Economics and Finance - Deputy Director

Olga Vladimirovna Ponomaryova, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (6А Vorobiyovskoe shosse, 119285, Moscow), Institute of International Economics and Finance – Researcher

Downloads

Published

2024-01-28

How to Cite

Bakven’e, T. A., & Ponomaryova, O. V. (2024). African Continental Free Trade Area as a New Step in African Integration. Russian Foreign Economic Journal, (11), 58–71. https://doi.org/10.24412.2072-8042-2021-11-58-71

Issue

No. 11 (2021)

Section

International trade