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Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development

On 26 May 2013 at the 21st Ordinary Assembly of the African Union's Assembly, African heads of state and governments adopted a solemn declaration for the continent's development. This prompted, in 2015, the official launch of a 50-year blueprint (i.e. Agenda 2063) for the re-creation of the region t...

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Main Author: Nagu, Yakubu
Other Authors: Ordor, Ada
Format: Thesis
Language:English
Published: Department of Commercial Law 2024
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access_status_str Open Access
author Nagu, Yakubu
author2 Ordor, Ada
author_browse Nagu, Yakubu
Ordor, Ada
author_facet Ordor, Ada
Nagu, Yakubu
author_sort Nagu, Yakubu
collection Thesis
description On 26 May 2013 at the 21st Ordinary Assembly of the African Union's Assembly, African heads of state and governments adopted a solemn declaration for the continent's development. This prompted, in 2015, the official launch of a 50-year blueprint (i.e. Agenda 2063) for the re-creation of the region through a people-driven process into one that is integrated, prosperous and defined by inclusive growth and sustainable development. This blueprint has 15 flagship projects for effectuating the aim of continental growth, transformation, and development. One of these flagship projects is the African Continental Free Trade Area (AfCFTA), Africa's most ambitious attempt at integration and development since the formation of the African Union, and the subject of this research. The AfCFTA is an African Union member-state driven free trade area, founded on theories of trade, and driven by Pan-African values that promise an endogenous pathway to inclusive and sustainable development. The initiative, once fully operational, will have the effect of integrating the continent for the first time under one regime of liberalisation that covers goods, services, intellectual property, investment, competition, and digital trade, among others. It is submitted, however, that trade integration alone may not provide enough stimulus for the holistic development that the region deeply requires. Development, imposes (in addition to increasing trade by operationalising the AfCFTA) an imperative for building regulatory and institutional capacity and (where necessary) reforming the trade governance processes in the state parties. It is against this background that this study probes into the implementation of the AfCFTA in the context of select case studies; Nigeria, Kenya and Ethiopia. The study combined doctrinal research with empirical methods that utilised semi-structured interviews with public and private sector stakeholders from the three countries. The thesis is structured into two parts. The first one outlines the theoretical and analytical framework as a means of situating the AfCFTA in the broader conversation on development, international trade, and regional integration whilst also reflecting it as a unique and Pan-African expression of same. The second examines the mentioned case studies through the lens of the Analytical Law and Developmental Integration Model (ALDIM) developed by the researcher. The study found that a developmental implementation of the AfCFTA by the three countries that have been selected as case studies would require responses ranging from a shift in development thinking and the creation of value-driven trade policy frameworks to more pragmatic steps such as the creation of institutional mechanisms for cohesive trade policy formulation and governance, the strengthening of existing institutions, and the institutionalisation of collaboration for a more inclusive trade policy governance. Ultimately, the study advances projections on how regional integration initiatives could yield development outcomes in domestic settings in the context of African states, thereby affirming the influence of trade as an agent for modernisation and the positive alteration of governance processes.
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provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
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spelling oai:open.uct.ac.za:11427/39731 Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development Nagu, Yakubu Ordor, Ada Commercial Law On 26 May 2013 at the 21st Ordinary Assembly of the African Union's Assembly, African heads of state and governments adopted a solemn declaration for the continent's development. This prompted, in 2015, the official launch of a 50-year blueprint (i.e. Agenda 2063) for the re-creation of the region through a people-driven process into one that is integrated, prosperous and defined by inclusive growth and sustainable development. This blueprint has 15 flagship projects for effectuating the aim of continental growth, transformation, and development. One of these flagship projects is the African Continental Free Trade Area (AfCFTA), Africa's most ambitious attempt at integration and development since the formation of the African Union, and the subject of this research. The AfCFTA is an African Union member-state driven free trade area, founded on theories of trade, and driven by Pan-African values that promise an endogenous pathway to inclusive and sustainable development. The initiative, once fully operational, will have the effect of integrating the continent for the first time under one regime of liberalisation that covers goods, services, intellectual property, investment, competition, and digital trade, among others. It is submitted, however, that trade integration alone may not provide enough stimulus for the holistic development that the region deeply requires. Development, imposes (in addition to increasing trade by operationalising the AfCFTA) an imperative for building regulatory and institutional capacity and (where necessary) reforming the trade governance processes in the state parties. It is against this background that this study probes into the implementation of the AfCFTA in the context of select case studies; Nigeria, Kenya and Ethiopia. The study combined doctrinal research with empirical methods that utilised semi-structured interviews with public and private sector stakeholders from the three countries. The thesis is structured into two parts. The first one outlines the theoretical and analytical framework as a means of situating the AfCFTA in the broader conversation on development, international trade, and regional integration whilst also reflecting it as a unique and Pan-African expression of same. The second examines the mentioned case studies through the lens of the Analytical Law and Developmental Integration Model (ALDIM) developed by the researcher. The study found that a developmental implementation of the AfCFTA by the three countries that have been selected as case studies would require responses ranging from a shift in development thinking and the creation of value-driven trade policy frameworks to more pragmatic steps such as the creation of institutional mechanisms for cohesive trade policy formulation and governance, the strengthening of existing institutions, and the institutionalisation of collaboration for a more inclusive trade policy governance. Ultimately, the study advances projections on how regional integration initiatives could yield development outcomes in domestic settings in the context of African states, thereby affirming the influence of trade as an agent for modernisation and the positive alteration of governance processes. 2024-05-27T08:48:06Z 2024-05-27T08:48:06Z 2023 2024-05-23T13:21:11Z Thesis / Dissertation Doctoral PhD http://hdl.handle.net/11427/39731 eng application/pdf Department of Commercial Law Faculty of Law
spellingShingle Commercial Law
Nagu, Yakubu
Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
thesis_degree_str Doctoral
title Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
title_full Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
title_fullStr Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
title_full_unstemmed Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
title_short Implementing the African Continental Free Trade Agreement (AfCFTA): policies, regulations, laws and institutions required for development
title_sort implementing the african continental free trade agreement afcfta policies regulations laws and institutions required for development
topic Commercial Law
url http://hdl.handle.net/11427/39731
work_keys_str_mv AT naguyakubu implementingtheafricancontinentalfreetradeagreementafcftapoliciesregulationslawsandinstitutionsrequiredfordevelopment