It is worthwhile to explore the unique features of the AfCFTA, and examine why it has been classified as not only a deep but also a progressive agreement.
The AfCFTA has relatively taken a record time to conclude in comparison with other agreements negotiation of trade agreements is an arduous task that demands a lot of time and specialised skills.
In another study found in the “Journal Economic Perceptive” economists agree that trade agreements synonymous with any free trade arrangement have winners and losers. The inherent risk of ending up as losers should be balanced with the temptation or easy protectionist route.
It is this hindsight that demands astute negotiators who will be careful not to steep their countries into problems. Read More.