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The African Continental Free Trade Area (AfCFTA) Agreement is at the forefront of current African business, trade and legal discussions. The future of African development, on a continental level, is largely tied to the success or failure of this agreement. One of the primary concerns of legal professionals and the international business community is the dispute settlement mechanism that will be built into the agreement. African nations are also acutely aware of the importance of developing a dispute settlement system that strikes the right balance between the interests of international investors and the needs of local populations. However, to date, there has been very little published on this topic as it pertains to the AfCFTA. While several articles look at individual components of the complex topic of African dispute settlement, there are few publications that bring together the various aspects. Individuals shaping this discussion, particularly the legal practitioners working to influence the conversation on how disputes should be carried out under the agreement, will benefit from the comprehensive look provided within the book. Not only does the author provide sound foundational knowledge as to the current landscape of dispute settlement on the continent, but he also presents a clear path forward for the negotiation of the dispute settlement provision of the AfCFTA.
Investments, Foreign --- International commercial arbitration --- Free trade --- Law and legislation --- African Continental Free Trade Area. --- Africa --- Commercial treaties.
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This book provides a comprehensive assessment of African economic integration through the lens of International Economic Law. The analysis is contextualized within the prevailing regional economic integrations, the WTO and the peculiarity of AfCFTA.
Free trade --- Trade regulation --- Foreign trade regulation --- African Continental Free Trade Area. --- Africa --- Africa --- Economic integration. --- Economic policy.
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This book examines the establishment and implementation of the AfCFTA, which is the largest free trade area globally, covering 54 African countries. It explores how this initiative has the potential to reshape Africa-EU relations by promoting intra-African trade, economic integration, and diversification, as well as inter-regional trade. Both continents have the potential to serve as global actors in reshaping the global order in ways that can affect how multilateralism fosters inclusive development. However, whether this will happen would be a function of how the EU and AU define their interests and relationship. Leon Mwamba Tshimpaka is Senior Postdoctoral Research Fellow in the Centre for the Study of Governance Innovation (GovInn) and the SARChI Research Chair in the Political Economy of Migration in the SADC Region in the Department of Political Sciences of the University of Pretoria, South Africa. Samuel Ojo Oloruntoba is Assistant Professor at the Institute of African Studies, Carleton University, Ottawa, Ontario, Canada and Honorary Professor at the Thabo Mbeki African School of Public and International Affairs, University of South Africa, where he was previously an Associate Professor. .
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This study aims to draw key lessons for the African Continental Free Trade Area using evidence from within the region. Although drawing lessons from the rest of the world is essential, given the unique features of economies in the Africa region, the most relevant lessons can be drawn from the experiences of regional economic communities in the continent. The study draws on the eight regional economic communities that have been recognized by the African Union as pillars on which the continent will rely to implement the African Continental Free Trade Area. The study evaluates the trade creation and trade diversion impacts of each of the eight RECs and examines their performance with the goal of drawing lessons and identifying challenges for the success of the African Continental Free Trade Area. Despite significant heterogeneities, there is more trade creation than trade diversion and a generally positive impact on trade within the regional economic communities. Two regional economic communities in particular-the East African Community and the Southern African Development Community-outperform all the other regional economic communities in terms of boosting intra-regional economic community trade. This is mainly associated with the high level of investment in trade facilitation, the level of synergy between national and regional goals, the density of economic activity, and the advancement in the quantity and quality of regional infrastructure. There are also many challenges that policy makers should address to realize the objectives of the African Continental Free Trade Area and transform the continent. Learning from the regional economic communities is central. But, given the scope of the African Continental Free Trade Area, there is also a need to examine the transition from regional economic communities to the African Continental Free Trade Area, which is expected to be a sticky transition.
African Continental Free Trade Area --- Customs Union --- Free Trade --- Free Trade Area --- International Economics and Trade --- International Trade and Trade Rules --- Regional Economic Community --- Regional Trade Agreement --- Rules of Origin --- Trade and Regional Integration --- Trade Creation --- Trade Diversion --- Trade Liberalization
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"This book provides a comprehensive assessment of African economic integration through the lens of International Economic Law. The analysis is contextualized within the prevailing regional economic integrations, the WTO and the peculiarity of AfCFTA. Through legal analysis, bolstered by economic and political dimensions of AfCFTA, the book illustrates the complex interplay of diverse factors that shape AfCFTA. Each chapter presents a separate element of economic integration within the principles of international economic law, with an interdisciplinary approach encompassing legal, economic and political perspectives. Covering topics such as economic integration and multilateralism, market access, exceptions, trade facilitation, rules of origin, non-tariff barriers, the book also discusses trade remedies, dispute settlement, investment, intellectual property, and completion policy. Additionally, human rights, corporate social responsibility, and sustainable development principles are discussed, alongside small and medium-sized enterprises (SMEs), digital trade and gender in economic integration. The book will be of interest to students, instructors, practitioners and non-practitioners in this area of international economic law"--
Free trade --- Trade regulation --- Foreign trade regulation --- African Continental Free Trade Area. --- Africa --- Economic integration. --- Economic policy. --- Libre-échange --- Commerce extérieur --- Réglementation --- Afrique --- Intégration économique --- Commercial treaties. --- Accords commerciaux --- Commerce internationnal
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The African Continental Free Trade Area (AfCFTA) Agreement is at the forefront of current African business, trade and legal discussions. The future of African development, on a continental level, is largely tied to the success or failure of this agreement. One of the primary concerns of legal professionals and the international business community is the dispute settlement mechanism that will be built into the agreement. African nations are also acutely aware of the importance of developing a dispute settlement system that strikes the right balance between the interests of international investors and the needs of local populations. However, to date, there has been very little published on this topic as it pertains to the AfCFTA. While several articles look at individual components of the complex topic of African dispute settlement, there are few publications that bring together the various aspects. Individuals shaping this discussion, particularly the legal practitioners working to influence the conversation on how disputes should be carried out under the agreement, will benefit from the comprehensive look provided within the book. Not only does the author provide sound foundational knowledge as to the current landscape of dispute settlement on the continent, but he also presents a clear path forward for the negotiation of the dispute settlement provision of the AfCFTA.
Peaceful settlement of international disputes --- Commercial law. Economic law (general) --- African Continental Free Trade Area --- Investments, Foreign --- International commercial arbitration --- Free trade --- Law and legislation --- Africa --- Commercial treaties. --- Investissements étrangers --- Arbitrage commercial international --- Libre-échange --- Droit --- Afrique --- Accords commerciaux --- Comparative law --- Droit comparé
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