One potential victim to International Trade Agreements is Domestic Industries. This is because Trade agreements tend to lower the barrier to entry into a domestic market. This is where Trade remedies come in as they are actions available to Domestic Governments to act against imports which may be causing material injury to the Domestic Industry.
The Protocol of Trade in Goods objectives is very much aligned and perhaps a subset of the Specific Objectives of the African Continental Free Trade Area (See Article 4 of the African Continental Free Trade Area Agreement).
The development of value chains is an interesting objective because, in order to boost intra-African trade under the (Continental Free Trade Area) Agreement, there will have to be an intentional effort to boost intra-African value chains.
PanAfreeka’s Seven main themes of the African Continental Free Trade Area Agreement in the table below.
Theme 1 – (Bringing African Markets closer together by deepening economic integration)
The second theme focuses on the promoting of industrial development through diversification and regional value chain development, agricultural development and food security (Ref-1).
The African Continental Free Trade Area Agreement (AfCFTA) is not only an AU Agenda 2063 flagship project in its own right, but also contributes to other AU Agenda 2063 flagship projects.
The future of Africa can either be progressive, remain stagnant or at worst regressive but since Africa is not one country, it is more likely to be a hybrid of these forecasts. However if the AU could have its way, Africa will be progressive.
The first aspiration of Agenda 2063 on the journey to creating the Africa we want is to deliver a prosperous Africa based on inclusive growth and sustainable development
The Continental Free Trade Area is actually a summation of several other collaborative institutions that African Countries have been part of…
![Scope of the African Continental Free Trade Area – Part [A (7 of 9)]](https://panafreeka.com/wp-content/uploads/2021/07/Pana-new-trade-image.jpg)
![Scope of the African Continental Free Trade Area – [Part A (8 of 9)]](https://panafreeka.com/wp-content/uploads/2021/08/111111222panafreeka.jpg)
![Scope of the African Continental Free Trade Area – [Part A (9 of 9)]](https://panafreeka.com/wp-content/uploads/2021/08/123222.jpg)
