big winnings

AfCFTA: Trade’s high stakes and big winnings

By The Africa Report

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Posted on April 15, 2021 14:17

RWANDA-KIGALI-AFCFTA-AGREEMENT-SIGNING © The African Union (AU) Chairperson and Rwandan President Paul Kagame (1st R) delivers remarks at the 10th Extraordinary Session of the Assembly of the African Union (AU) on the African Continental Free Trade Area (AfCFTA) in Kigali, Rwanda, on 21 March 2018.(Xinhua/Gabriel Dusabe)
The African Union (AU) Chairperson and Rwandan President Paul Kagame (1st R) delivers remarks at the 10th Extraordinary Session of the Assembly of the African Union (AU) on the African Continental Free Trade Area (AfCFTA) in Kigali, Rwanda, on 21 March 2018.(Xinhua/Gabriel Dusabe)

“I don’t want anybody to be under the illusion this is going to be easy. It’s going to be difficult, but we’ve got to do it,” Wamkele Mene, secretary general of the African Continental Free Trade Area (AfCFTA) told The Africa Report in February.

In any case, if you are a difficult problem, join the continental queue: demography, climate change, jobs…. Trade is no silver bullet. Nevertheless, the engagement of African leaders to create the AfCFTA is one of the most encouraging efforts at driving development in recent decades.

For now, trade between African countries accounts for just 16% of the continent’s trade, compared to 60% for countries trading with each other within the European Union. But the upside goes further than a narrow trade bump, lucrative as that might be; it opens up a common market of 1.2 billion people, with a combined economic weight of $2trn. A fully realised AfCFTA will have structural impacts in both the politics and economics of Africa.

Collective vision

First, the politics. Africa’s borders were a European project, many of them drawn at the Berlin Conference of 1884. West African countries, for example,

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