1887

Trade Liberalization, Investment and Economic Integration in African Regional Economic Communities towards the African Common Market

image of Trade Liberalization, Investment and Economic Integration in African Regional Economic Communities towards the African Common Market
This report reviews the progress in African regional integration processes, suggesting an option for revising the timeframe for accelerating continental integration. Several recommendations related to accelerating integration; the need for a development-driven regional integration; the focus on export value addition and diversification in manufactured goods and services; and, enhancing competition policy and attracting more foreign and domestic investment have been made. This report concludes that there is an urgent need to expand integration with regards to international trade.

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Foreword

Achieving regional economic cooperation and integration in Africa that is people-centred and development-oriented is a key challenge, and opportunity, facing African countries in the post global financial and economic crisis period. African economic, social and cultural cohesion and union has been an unwavering objective of African countries. It gained widespread political support following the adoption of the Lagos Plan of Action in 1980 by the Summit of the Organization of African Unity (OAU).

English

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