By providing the framework to establish robust regional value chains, the African Continental Free Trade Area (AfCFTA) not only liberates Africa from dependency on imports of industrial goods, but also creates jobs, generates wealth and upgrades skills and technology. Melaku Desta argues that the AfCFTA and regional value chains reinforce each other.
The establishment of the African Continental Free Trade Area (AfCFTA) has been hailed, rightly, as having the potential to very considerably alter the continent’s fortunes for the better.
A good deal of this conviction is based on the AfCFTA’s principal mandate which is to forge regional value chains (RVCs).
Likewise, just as the AfCFTA fosters the establishment and consolidation of RVCs, so do strong RVCs provide the web of interconnected cogs and springs that keep the AfCFTA going deeper and further. The AfCFTA and RVCs are mutually reinforcing factors in the pursuit of Africa’s integration and…
Source link
