4/6/2023 0 Comments Trade blocs in africa![]() Moreover, “Integrate Africa ” is one of the five priorities 1 of this institution’s action plan. The African Development Bank (AfDB) has supported the implementation of several projects to strengthen integration. The solutions to these obstacles could indeed be found in fine as policymakers do currently. On the political side, the literature focuses on questions of sovereignty (Sylla, 2003), political tension (Longo & Sekkat, 2004), institution quality and good governance (Francois & Manchin, 2013 Levchenko, 2007). On the economic side, several authors point out products that are not complementary, insufficient infrastructure, minimal product differentiation, high costs discouraging imports, narrow markets and a lack of political commitment (Chacha, 2008 Fé, 2019 Francois & Manchin, 2013 Longo & Sekkat, 2004 Yang & Gupta, 2007). ![]() Several reasons could explain this situation, mainly economic and political factors. The facts seem to go along with this idea as it is noticed that Africa’s share in the total world trade and the trade flow between member countries remain very low regarding the potentiality. Other studies show that RTAs in Africa have not increased trade flows (Chacha, 2008 Elbadawi, 1997 Foroutan & Pritchett, 1993 Gunning, 2001 Yang & Gupta, 2007). Some studies argue that RTAs in Africa have a positive impact on trade flows between members countries, in line with the expected outcomes (Afesorgbor & Van Bergeijk, 2011 Carrère, 2004 Cathérine et al., 2013 Cernat, 2003 Coulibaly, 2007 Deme, 1995 Gammadigbe, 2017 Gbetnkom & Avom, 2005). But the findings tell us that regional trade integration has an ambiguous effect on trade flows. Most of them highlighted the outcome in terms of trade growth. Many studies have been devoted to regional integration in Africa and, more specifically, to assess progress. Despite the efforts made, the regional agreements in Africa have not yet produced the expected results. To remedy this situation, the African Union Commission has initiated the rationalization of regional economic communities in Africa to better trade integration. They have given rise to a proliferation of regional agreements on the continent, which has not yet produced the expected results despite its efforts. This African unit’s creation covers several aspects, including commercial, financial, monetary and political, with better economic performance and improved populations’ living conditions as the objectives. There have been several initiatives since the beginning of the 1960s. The African Continental Free Trade Area (AfCFTA) is a new attempt by the heads of state and government of the continent to strengthen economic unity.
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