World Bank Report: The African Continental Free Trade Area: Economic And Distributional Effects

"The African Continental Free Trade Area (AfCFTA) agreement will create the largest free trade area in the world measured by the number of countries participating. The pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion."

The World Bank report, The African Continental Free Trade Area: Economic and Distributional Effects, is designed to guide policymakers in implementing policies that can maximise the agreement’s potential gains while minimising risks. Creating a continent-wide market will require a determined effort to reduce all trade costs. Governments will also need to design policies to increase the readiness of their workforces to take advantage of new opportunities.

Read more: https://openknowledge.worldbank.org/bitstream/handle/10986/34139/9781464815591.pdf

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