AfCFTA needs an action plan to advance transformative industrialisation
The African Continental Free Trade Area (AfCFTA) aims to facilitate industrialisation and create a single market for goods and services in Africa. The movement towards broadening regional integration partially through value chains and a free trade area is in line with the path emerging economies have undertaken in the past 10 years.
Professor Carlos Lopes on the news – his interviews cover topics such as Africa's ability to access green technology, the African Continental Free Trade Area, the ongoing pressures the COVID-19 pandemic puts on Africa, and so much more about the structural transformation and global economy.
The African Continental Free Trade Area is a positive step, but it is no panacea. If Africa is to overcome barriers to structural transformation and industrialisation, a broader strategy, based on developmental regionalism, will be needed.