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Trade Creation and Trade Diversion in African RECs: Drawing Lessons for AfCFTA

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dc.contributor.authorSawadogo, Pegdewende Nestor
dc.contributor.authorKassa, Woubet
dc.date.accessioned2021-09-02T15:56:36Z
dc.date.available2021-09-02T15:56:36Z
dc.date.issued2021-08
dc.description.abstractThis study aims to draw key lessons for the African Continental Free Trade Area using evidence from within the region. Although drawing lessons from the rest of the world is essential, given the unique features of economies in the Africa region, the most relevant lessons can be drawn from the experiences of regional economic communities in the continent. The study draws on the eight regional economic communities that have been recognized by the African Union as pillars on which the continent will rely to implement the African Continental Free Trade Area. The study evaluates the trade creation and trade diversion impacts of each of the eight RECs and examines their performance with the goal of drawing lessons and identifying challenges for the success of the African Continental Free Trade Area. Despite significant heterogeneities, there is more trade creation than trade diversion and a generally positive impact on trade within the regional economic communities. Two regional economic communities in particular—the East African Community and the Southern African Development Community—outperform all the other regional economic communities in terms of boosting intra–regional economic community trade. This is mainly associated with the high level of investment in trade facilitation, the level of synergy between national and regional goals, the density of economic activity, and the advancement in the quantity and quality of regional infrastructure. There are also many challenges that policy makers should address to realize the objectives of the African Continental Free Trade Area and transform the continent. Learning from the regional economic communities is central. But, given the scope of the African Continental Free Trade Area, there is also a need to examine the transition from regional economic communities to the African Continental Free Trade Area, which is expected to be a sticky transition.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/215761630345612049/Trade-Creation-and-Trade-Diversion-in-African-RECs-Drawing-Lessons-for-AfCFTA
dc.identifier.doi10.1596/1813-9450-9761
dc.identifier.urihttps://hdl.handle.net/10986/36226
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9761
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectREGIONAL TRADE AGREEMENT
dc.subjectTRADE CREATION
dc.subjectTRADE DIVERSION
dc.subjectAFRICAN CONTINENTAL FREE TRADE AREA
dc.subjectREGIONAL ECONOMIC COMMUNITY
dc.subjectFREE TRADE AREA
dc.subjectCUSTOMS UNION
dc.titleTrade Creation and Trade Diversion in African RECsen
dc.title.subtitleDrawing Lessons for AfCFTAen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleTrade Creation and Trade Diversion in African Recs: Drawing Lessons for AfCFTA
okr.date.disclosure2021-08-30
okr.date.doiregistration2025-04-10T10:23:45.743601Z
okr.date.lastmodified2021-08-30T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/undefined/215761630345612049/Trade-Creation-and-Trade-Diversion-in-African-RECs-Drawing-Lessons-for-AfCFTA
okr.guid215761630345612049
okr.identifier.doi10.1596/1813-9450-9761
okr.identifier.externaldocumentum090224b08892232c_1_0
okr.identifier.internaldocumentum33376424
okr.identifier.reportWPS9761
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/215761630345612049/pdf/Trade-Creation-and-Trade-Diversion-in-African-RECs-Drawing-Lessons-for-AfCFTA.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.topicInternational Economics and Trade::Customs and Trade
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicInternational Economics and Trade::Rules of Origin
okr.topicInternational Economics and Trade::Trade Liberalization
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.unitOffice of the Chief Economist, Africa Region
relation.isAuthorOfPublication87a89be1-564e-57a6-8827-b603d624fd3d
relation.isAuthorOfPublication.latestForDiscovery87a89be1-564e-57a6-8827-b603d624fd3d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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