Questioning the Essence of Recognising African Continental Free Trade Area: What Developmental Prospects for Application?

  • Nana Charles Nguindip and Ashu Billy Manners Abang
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  • Nana Charles Nguindip

    Senior Lecturer at Law at Faculty of Laws and Political Science, University of Dschang Cameroon

  • Ashu Billy Manners Abang

    Student at Institute of Legal Practice and Development, Rwanda

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Abstract

Free trade has always been the foundamental pillar for an effective trade recognition and enforcement. African Continental Free Trade Area (AfCFTA) is a mile stone towards the consolidation of previous efforts for the creation of a continental-wide free trade area in Africa. The paper delves into the developmental prospects which Africa as a continent stands to gain from the AfCFTA. This article also looks at some possible factors which may stand as an impediment to the prospective gains of AfCFTA such as Geographical limitation, inadequate infrastructure, Huge Revenue Loses, irregular trade patterns and Cumbersome Formalities.The article used both the analytical and descriptive approaches on research documents focused on the AfCFTA. From the findings of this article, there is that opinion that free trade in Africa continue to be a nightmare marred with lots of barricades that hinders the effective recognition for the need to engage in trade dealings. However, the author’s own study concludes that the Achievement of any continental wide development though dependent on massive ratification of the AfCFTA agreement, needs a concerted effort by African nations to oversee the implementation of the AfCFTA agreement to the later.

Type

Research Paper

Information

International Journal of Legal Science and Innovation, Volume 3, Issue 4, Page 930 - 942

DOI: https://doij.org/10.10000/IJLSI.11980

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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