Author : Ekeagwu Innocent Chukwuemeka1, Onyike Sixtus Chimezie2, Osuji Obinna3,Ewurum Ngozi4

The paper reviewed the literature on Africa Continental Free Trade Area (AfCFTA) which was launched on January 1, 2021. It reviewed trade in Africa prior to AfCFTA and critically analyzed the performance of the existing RECs. The paper also reviewed trade policies in Africa and the existing institutions. Inherent drawbacks were examined and the paper concluded with the expectations of the benefits of AfCFTA on the participating countries; which include boosting economic growth, reduction in poverty, broaden economic inclusion and guide for policy makers towards maximum benefit. The study recommended amongst other thing that African countries should formulate their economic policies around AfCTA as a veritable means of achieving the benefits of the trade agreement. Concerted efforts to strengthen institutions to ensure accountability and reduce corruptions in the continent should be pursued. African countries should break the stronghold of foreign powers to ensure total independence by reviewing most trade and economic agreements.
Affiliation : 1,3,4Department of Economics, College of Management Sciences, Michael Okpara University of Agriculture Umudike, Nigeria 2Department of Banking and Finance, College of Management Sciences, Michael Okpara University of Agriculture Umudike, Nigeria
Keywords : AfCFTA, Africa, integration, review of literature, trade.
Date : Friday ,30 ,December ,2022

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