📄 Research Article
DEJ Vol. 8, No. 9 (2022)
ECONOMIC INTEGRATION SCHEMES IN AFRICA: A STUDY OF AFRICAN CONTINENTAL FREE TRADE AGREEMENT
EZEOMA Kelechi I. & AMAEWHULE Kenneth Chinonye
Institute of International Trade and Development University of Port Harcourt, Nigeria
Open Access
Peer Reviewed
Research Article
Abstract
This paper examined economic integration schemes in Africa with focus on Africa Continental Free Trade Agreement. The paper reviewed some key provisions of the African Continental Free Trade Agreement (AfCFTA) including the Trade Areas and Operational Instruments and as well reviewed the implication of AfCFTA to the development of Africa regional economic integration. The paper concluded that the intents and purposes of AfCFTA are good. However, AfCFTA is a reflection of neo-functionalism as seen in the theoretical review on regional economic integration. This to a large extent will be influenced by the conflicting interplay of the international trade theories member states are amenable to which will help to addressed transactions protocols in place backed up with the dispute resolution system. Therefore, huge sacrifices will have to be made by member states for the uplifting of Africa, as a whole and not just member states, for AfCFTA to be the success envisaged. It was recommended that companies can go a step further by considering a voluntary disclosure of their Total Tax Contribution (TTC) on their financial statements and websites. This could help companies to demonstrate their commitment and responsibility in supporting Africa to meet its development targets.
Keywords:
AfCFTA, Continental, Economic integration, Schemes, Trade Agreement
📑 How to Cite This Article
APA 7th Edition:
EZEOMA Kelechi I., AMAEWHULE Kenneth Chinonye (2022). ECONOMIC INTEGRATION SCHEMES IN AFRICA: A STUDY OF AFRICAN CONTINENTAL FREE TRADE AGREEMENT. Developing Economy Journal, 8(9), 46-53. https://doi.org/
EZEOMA Kelechi I., AMAEWHULE Kenneth Chinonye (2022). ECONOMIC INTEGRATION SCHEMES IN AFRICA: A STUDY OF AFRICAN CONTINENTAL FREE TRADE AGREEMENT. Developing Economy Journal, 8(9), 46-53. https://doi.org/
Vancouver Style:
EZEOMA Kelechi I., AMAEWHULE Kenneth Chinonye. ECONOMIC INTEGRATION SCHEMES IN AFRICA: A STUDY OF AFRICAN CONTINENTAL FREE TRADE AGREEMENT. Dev. Econ. J.. 2022;8(9):46-53. DOI:
EZEOMA Kelechi I., AMAEWHULE Kenneth Chinonye. ECONOMIC INTEGRATION SCHEMES IN AFRICA: A STUDY OF AFRICAN CONTINENTAL FREE TRADE AGREEMENT. Dev. Econ. J.. 2022;8(9):46-53. DOI:
🔗 Other Articles in This Issue