Maximizing Benefits While Mitigating Challenges and Policy, in the Event of the African Continental Free Trade Area

Abstract

Prince Eric Best Owhorji

This present opportunities and challenges, as well as, has the potential to increase welfare significantly for its member countries. The African continental free trade area (AfCTA) presents the possibility, insofar as none traffic barriers are substantially reduced. African countries need to pursue a concomitant ambitious and broadbased reform agenda, in other to reap the benefits of the AfCFTA fully and mitigate its related costs.

This article aim to provide answers to questions such as, what can member countries do to maximize the economic benefits of the African continental free trade area? How can member countries mitigate, adverse and distributional and employment effects of the African continental free trade area? How can member countries manage a potential adverse fiscal revenue impact of the African continental free trade area?.

The implementation of the AfCFTA could also result in costs, including potentially higher income inequality and transitional unemployment. This article adopts the use of doctrinal approach in providing answers to the research topic. The use of both primary and secondary sources of authority, are manifestly present in this article.

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