Inclusive Trade in Africa

Luke, David Fasholé; MacLeod, Jamie

doi:10.4324/9780429401121

Cited by 10 publications

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“…As a result, the authors believe that WTO rules should play a key role in promoting a stable and secure set of regulations for cross-border digital trade while counteracting the present wave of digital protectionism. Luke (2019) and Banga et al. (2021) examined the AFCFTA Agreement and explained its potential benefits, which will further boost the confidence, predictability, and the rule of law in trade on the African continent.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries

Rahman

2022

Asia and the Global Economy

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Section: Literature Reviewmentioning

confidence: 99%

Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries

Rahman

2022

Asia and the Global Economy

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Revenue, welfare and trade effects of African Continental Free Trade Agreement (AFCFTA) on Nigerian economy

Oyelami

2021

Journal of Public Affairs

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African Continental Free Trade Agreement (AFCFTA) is gradually becoming a reality and there are needs now more than ever to investigate how African countries will thrive under this new trade regime. Based on this consideration, this study seeks to investigate the revenue, welfare and trade effect of ACFTA on Nigerian economy with the Partial Equilibrium Analysis approach using the World Trade Integrated Solution-Single Market Partial Equilibrium Simulation Tool (SMART) model. SMART is a trade simulation model developed by the World Bank and the UNCTAD using trade flow data and tariff data from Trade Analysis and Information Systems, the World Trade Organization Integrated Database and Consolidated Tariff Schedule.The findings from the study show that AFCFTA is a trade creating Free Trade Agreement in Africa and sectors like petrochemical industries, textile and maritime products are the leading trade creating sector in Nigeria. On the other hand, manufacturing activities in the production of sanitary, papers, electronics and automobiles are trade diverting in Nigeria. Overall, the total trade effect in Nigeria is US$ 145 million with an accompanying welfare effect of US$ 13 million. However, the Nigerian government might experience a loss of revenue of US$104 million as a result of tariff removal. Thus, this study concludes that AFCFTA is a trade creating and expanding policy but it comes at a huge loss of revenue on the part of the Nigerian government and this can be ameliorated with the introduction of the more comprehensive consumption tax system.

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Automation of Knowledge Work and Africa’s Transformation Agenda: Threats, Opportunities, and Possibilities

Hanson

2020

Disruptive Technologies, Innovation and Development in Africa

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Inclusive Trade in Africa

Cited by 10 publications

References 0 publications

Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries

Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries

Revenue, welfare and trade effects of African Continental Free Trade Agreement (AFCFTA) on Nigerian economy

Automation of Knowledge Work and Africa’s Transformation Agenda: Threats, Opportunities, and Possibilities

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