In a recent research publication titled the South African Institute of International Affairs (SAIIA), the objectives and potentials of the African Continental Free Trade Area (AfCFTA) were thoroughly ironed out. From the research, it would seem that African leaders are not ready to implement AfCFTA despite its objectives and potential.
SIIA iterated that the agreement sets forward an ambitious task to liberalize the flow of goods, services, people, and capital across African. The economic gains for the continent, SIIA found, among numerous others would include $16.1 billion in welfare gains; GDP growth of 1 percent to 3 percent; employment growth of 1.2 percent; intra-Africa trade growth of 33 percent; 50 percent reduction in the continent’s trade deficit…..
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