Regional Integration, Trade and Industry in Africa

Regional Integration, Trade and Industry in Africa
Author: Helmut Asche
Publisher: Springer Nature
Total Pages: 304
Release: 2021-06-14
Genre: Business & Economics
ISBN: 3030753662

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This book examines the past, present and prospects of regional economic integration in Africa. The empirical analysis ranges from unions formed during the years following independence, to the proposed African Continental Free Trade Area (AfCFTA), which aims to remove trade barriers between all 55 African states. In addition, the book explores to what extent Africa’s Regional Economic Communities (RECs) have advanced in accordance with a linear integration model of goods, labor and capital markets. The book subsequently evaluates the suitability of the European model of deep integration with costly institutions for the conditions specific to Africa, considering, for example, the role of informal and non-recorded trade. Stylized cases of regional division of labour with increasing returns and imperfect competition are introduced to support the economic integration logic. Past and current economic policies in Africa are scrutinized to answer the question: how can African regions best foster new manufacturing industries and value chains across the continent? In conclusion, the book outlines content and processes of Common Industrial Policy in the African regions. The book also addresses the controversial issue of international trade agreements between developing countries and the European Union or the USA and investigates whether these agreements impede or promote economic development in Africa. The book includes a detailed roadmap describing how to improve key clauses of agreements for economic partnership in the interest of African countries. In closing, it outlines a new vision of joint sustainable development for Africa and Europe.

Economic Partnership Agreements and the Export Competitiveness of Africa

Economic Partnership Agreements and the Export Competitiveness of Africa
Author: Paul Brenton
Publisher: World Bank Publications
Total Pages: 29
Release: 2008
Genre: Commercial policy
ISBN:

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Abstract: Trade can be a key driver of growth for African countries, as it has been for those countries, particularly in East Asia, that have experienced high and sustained rates of growth. Economic partnership agreements with the European Union could be instrumental in a competitiveness framework, but to do so they would have to be designed carefully in a way that supports integration into the global economy and is consistent with national development strategies. Interim agreements have focused on reciprocal tariff removal and less restrictive rules of origin. To be fully effective, economic partnership agreements will have to address constraints to regional integration, including both tariff and non-tariff barriers; improve trade facilitation; and define appropriate most favored nation services liberalization. At the same time, African countries will need to reduce external tariff peak barriers on a most favored nation basis to ensure that when preferences for the European Union are implemented after transitional periods, they do not lead to substantial losses from trade diversion. This entails an ambitious agenda of policy reform that must be backed up by development assistance in the form of "aid for trade."

Regional Integration and Economic Partnership Agreements

Regional Integration and Economic Partnership Agreements
Author: Talitha Bertelsmann-Scott
Publisher: Saiia
Total Pages: 184
Release: 2006
Genre: Africa, Southern
ISBN:

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Based on conference proceedings, this book examines the dynamics of the European Union (EU) trade policy and the implications thereof for Southern Africa. The latter's problems with both political and economic integration are not new, but the process of negotiating Economic Partnership Agreements (EPAs) with the EU presents yet more challenges. The initiation of trade talks between the EU and the members of the Africa, Caribbean and Pacific (ACP) group of countries has brought to center-stage Southern Africa's problems of multiple and overlapping memberships of different regional organisations. Whereas many would argue that the EU should stand back and let the region try to solve its own regional integration problems before it engages, as a region, with external partners, others feel that the EPA process is breathing new life into the search for solutions to Southern Africa's regional integration conundrum. -- Publisher description (https://saiia.org.za).

Regionalism and Integration in Africa

Regionalism and Integration in Africa
Author: Samuel O. Oloruntoba
Publisher: Springer
Total Pages: 244
Release: 2015-11-10
Genre: Social Science
ISBN: 1137568674

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The resurgence of regionalism is borne out of the current political logjams that have characterized the governance and operations of multilateral trading system over the past one decade and a half. Oloruntoba critically examines Euro-Nigeria relations within the context of the Economic Partnership Agreements in terms of the political and economic implications of the agreements on Nigeria’s non-oil exports sub-sectors. Set within one of the main objectives of the Economic Partnership Agreements, he also interrogates the prospects and challenges of regional integration in Africa under the regime of transnational accumulation, which the Economic Partnership Agreements represents.

North-South Regional Trade Agreements as Legal Regimes

North-South Regional Trade Agreements as Legal Regimes
Author: Clair Gammage
Publisher: Edward Elgar Publishing
Total Pages: 405
Release: 2017-05-26
Genre: Law
ISBN: 1784719625

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This book offers a critical reflection of the North-South regional trade agreements (RTAs), known as the Economic Partnership Agreements, negotiated between the EU and the African, Caribbean, and Pacific countries. Conceiving of regions as legal regimes, Clair Gammage highlights the challenges facing developing countries when negotiating RTAs with developed countries and interrogates the assumption that these agreements will and can promote sustainable development through trade.

Negotiating Regions

Negotiating Regions
Author: Helmut Asche
Publisher: Leipziger Universitätsverlag
Total Pages: 320
Release: 2008
Genre: Africa
ISBN: 9783865832375

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Regional Trade and Economic Integration

Regional Trade and Economic Integration
Author: Ram Upendra Das
Publisher: World Scientific
Total Pages: 253
Release: 2012
Genre: Business & Economics
ISBN: 9814374601

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The Asia-Pacific region has emerged as a dominant player in trade and will continue to be an influential component of world trade and economics. This book presents an informative outlook on the various regional and trade agreements (RTAs) and their beneficial effects on bilateral trade. In particular, the authors concentrate on India and China, the two major rising powers, and the impact of exchange of information and sharing of resources between these two countries in wide-ranging areas. It provides an incisive analysis and a roundup of all major RTAs and also presents an overview of all major agreements between the countries involved, which might propel their trade numbers and influence future economic engagements. The book also discusses possible obstacles that are encountered during the implementation of RTAs and circumvention routes that can be taken to ensure the successful execution of the agreements. International trade agreements, such as General Agreements on Trade and Tariffs, which have revolutionized the trade dynamics by opening up new areas of trade and formulating specific guidelines for the member countries to adhere to during trade negotiations, are discussed. The book also provides new insights into some of the issues under negotiation, such as sensitive lists, trade, investment cooperation, and trade in services. The existing economic cooperation arrangements in the region as well as those that are at various stages of study and negotiations, empirical insights and policy suggestions are elucidated in detail.

The Cotonou Agreement and Its Implications for the Regional Trade Agenda in Eastern and Southern Africa

The Cotonou Agreement and Its Implications for the Regional Trade Agenda in Eastern and Southern Africa
Author: Manuel De la Rocha
Publisher: World Bank Publications
Total Pages: 32
Release: 2003
Genre: Africa, Eastern
ISBN:

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Subregional trade arrangements (RTAs) in Eastern and Southern Africa have proliferated in the past 10 to 15 years. The small size of most of the countries in the region, some of which are landlocked, and the security needs in the post independence period largely explain the rapid expansion. These arrangements are characterized by multiple and overlapping memberships, complex structures, and eventually, conflicting and confusing commitments. The influence of RTAs has been limited to assisting the region in increasing trade, attracting foreign direct investment, enhancing growth, and achieving convergence among member countries. But despite their limitations, RTAs have the potential, if properly designed and effectively implemented, to be an important instrument in integrating member countries into global markets. In 1998 most of the Southern African countries, as members of the Africa Caribbean Pacific group (ACP), signed the Cotonou Agreement with the European Union, which includes the negotiation of economic partnership agreements (EPAs) between the EU and the ACP. The Cotonou Agreement explicitly leaves to the ACP countries to decide the level and procedures of the EPA trade negotiations, taking into account the regional integration process. This raises the question of how to decide on the groupings in the context of conflicting regional trade agendas. The author argues that the Cotonou Agreement and EPA negotiations could become the external driving force that will push the regional organizations to rationalize and harmonize their regional trade arrangements, thus strengthening the integration process and economies of the region, and assisting the Eastern and Southern Africa region in becoming a more active partner in the global economy.