ECOWAS Protocol on Free Movement and the AfCFTA in West Africa: Costs, Benefits and Challenges

This book explores the relationship between the ECOWAS Protocol on free movement, goods, and services and the AfCFTA, and the impact of their implementation and non-implementation on West Africa.

Format: Hardback
Length: 298 pages
Publication date: 14 May 2023
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the intricate phenomenon of regional integration in Africa and the subsequent discussions surrounding the intercontinental free trade agreement within the continent. Prior to the push for facilitating free trade in Africa, the concept of freedom of movement for Africans within the continent, supported by the African Union Protocol on free movement of persons, has already been established and has played a significant role. Interestingly, both initiatives are interconnected in various ways. The book conducts a thorough exploration of the existing connections between the ECOWAS Protocol on free movement of goods and services and the AfCFTA, on one hand, and the impact of the implementation and non-implementation of these policies on West Africa, on the other.

Regional integration in Africa has gained significant momentum in recent years, driven by various factors such as economic growth, political stability, and the need for increased trade and investment. The African Union (AU) has played a pivotal role in fostering regional cooperation and integration, with the establishment of the African Continental Free Trade Area (AfCFTA) as a flagship initiative.

The AfCFTA aims to create a single market for goods and services within the African continent, promoting trade and investment among member states. It seeks to eliminate tariffs, quotas, and other trade barriers, allowing for a freer flow of goods and services across borders. The agreement also includes provisions for investment, intellectual property rights, and dispute resolution mechanisms, which are designed to encourage economic growth and development.

However, the implementation of the AfCFTA has faced several challenges, including concerns about the potential impact on local industries, the need for infrastructure development, and the lack of harmonization of trade policies among member states. There are also concerns about the potential for increased competition and the potential for exploitation of workers and resources in some countries.

Despite these challenges, there is a growing recognition of the potential benefits of regional integration in Africa, including increased economic growth, job creation, and poverty reduction. Many experts believe that the AfCFTA can play a significant role in shaping the future of the continent and in promoting sustainable development.

In conclusion, regional integration in Africa is a complex and multifaceted phenomenon that requires careful consideration and management. While the AfCFTA has the potential to bring significant benefits, it is important to address the challenges and concerns that arise during the implementation process. By working together and implementing policies that promote sustainable development and protect the interests of all stakeholders, Africa can achieve greater economic prosperity and stability.

Weight: 539g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811950049
Edition number: 1st ed. 2023