AfCFTA’s $3-trillion trade growth potential hinges on more manufacturing
Factory products constitute on average only 10% of Africa's GDP
If fully implemented, the African Continental Free Trade Area (AfCFTA) will unlock significant but uneven growth opportunities on the continent.
Our research has found that some countries are now better placed than others to reap the rewards of intraregional trade. Countries with good trade integration and open economies are most likely to benefit economically from lower trade tariffs. However, numerous obstacles mean the tangible benefits of the agreement will probably be realised only from 2030...