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African Continental Free Trade Area a Potential Game Changer

African Continental Free Trade Area a Potential Game Changer

FromIMF Podcasts


African Continental Free Trade Area a Potential Game Changer

FromIMF Podcasts

ratings:
Length:
12 minutes
Released:
May 8, 2019
Format:
Podcast episode

Description

In 2018, African Union members established the African Continental Free Trade Area in an effort to boost regional trade. They agreed to eliminate tariffs on most goods, liberalize the trade of services and address obstacles to trade between African countries. The African free trade agreement has since been ratified by 22 countries and is likely to take effect later this year. The IMF’s latest Regional Economic Outlook for sub-Saharan Africa studies the potential impact of the agreement that will establish a market of 1.2 billion people with a combined GDP of US$2.5 trillion dollars. In this podcast, economists Reda Cherif and Geremia Palomba say this could be an economic game changer for the continent. Geremia Palomba is a Deputy Division Chief and Reda Cherif is a Senior Economist in IMF’s African Department.
Released:
May 8, 2019
Format:
Podcast episode

Titles in the series (100)

Listen to the World's top economists discuss their research and deconstruct global economic trends.