The Global Context in Which AfCFTA Must Be Anchored
The African Continental Free Trade Area (AfCFTA) is one of the most ambitious trade agreements in history, aimed at creating a single market for goods and services across 55 African countries. Officially launched in 2021, AfCFTA promises to transform the economic landscape of Africa, boosting intra-African trade, enhancing competitiveness, and driving sustainable development across the continent. However, to fully realize its potential, AfCFTA must be anchored within a complex and evolving global context. 1. The Shifting Global Economic Order The global economy is undergoing profound shifts, driven by factors such as technological advancements, geopolitical tensions, and changing trade dynamics. Africa's integration into this evolving landscape requires a nuanced approach. Here's why: Changing Trade Patterns : Global trade patterns have seen a significant shift with the rise of regionalism, protectionism, and bilateral agreements. While Africa is embarkin...