Regional Economic Communities as the Building Blocs of the African Continental Free Trade Area Agreement
Article from: TDM 4 (2021), in Africa
Abstract
The African Continental Free Trade Area Agreement (AfCFTA) recognises the Regional Economic Communities (RECs) as the building blocs for continent-wide integration in line with the historical efforts reflected in the Lagos Action Plan of 1980 and the transitional plan of the African Union (AU) articulated in the 1991 Abuja Treaty establishing the African Economic Community (Abuja Treaty). The AfCFTA enjoins State Parties that are members of other RECs, which have attained among themselves higher levels of elimination of customs duties and trade barriers than those provided for under the ...