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2017 | OriginalPaper | Chapter

Conclusion: Emerging Issues, Strategic Priorities for South–South RTAs Research, and Economic Policy Directions for Africa

Author : Gbadebo Odularu

Published in: Negotiating South-South Regional Trade Agreements

Publisher: Springer International Publishing

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Abstract

The central role of South–South RTAs in the workings of African economies cannot be overemphasized. It provides strategic and significantly productive investment opportunities for the African businesses by increasing the benefits to regional trade liberalization and contributing to job creation, wealth accumulation and macroeconomic transformation. This concluding chapter briefly examines the basic pitfalls in Africa-related South–South RTAs processes, and also presents the understanding for South–South RTAs research agenda as well as the motivation for relevant economic policy direction in Africa.

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previous chapter Leveraging Trade Facilitation (TF) Measures to Maximize the Benefits of Regional Trade Agreements (RTAs) in West Africa

Small and Medium-Scale Enterprises (SMEs).

The list of the 14 landlocked countries in Africa include: Burkina Faso, Burundi, Central African Republic, Chad, Lesotho, Malawi, Mali, Niger, Rwanda, South Sudan, Swaziland, Uganda, Zambia and Zimbabwe.

Most Favoured Nation (MFN) remains the vital cornerstone of the multilateral trading system. Though south-south RTAs are beneficial to it members, it effectively excludes other economies contrary to the WTO’s most favoured nation principle, which mandates equal treatment for all trading partners.

See AUC Decision AU/TD/CFTA/AP/DSF (I): Draft strategic framework for the implementation of the action plan for boosting intra-African trade and for establishing the continental free trade area, 2012.

Babatunde A, Odularu GO (2012) Intra-African trade: not an easy path. Bridges Afr Trade Sustain Dev News Anal Afr 1(3): 16–17. Available via http://ictsd.org/downloads/bridges-africareview/1-3.pdf

Cissokho L, Haughton J, Makpayo K, Seck A (2013) Why is agricultural trade within ECOWAS so high? J Afr Econ 22(1):22–51CrossRef

Deen-Swarray M, Adekunle B, Odularu GO (2013) Policy recipe for fostering regional integration through infrastructure development and coordination in West Africa. As part of the series ‘Regional economic integration in West African studies on advances in African economic, social and political development’. Springer International Publishing, pp 29–56. doi:10.1007/978-3-319-01282-7_2. Available online via http://www.springer.com/us/book/9783319012810?wt_mc=ThirdParty.SpringerLink.3.EPR653.About_eBook

Odularu G O (2011) Market access policy interventions for enhancing ECOWAS-EU agri-trade relations. Pac J Sci Technol (PJST) 12(2):260–273 (Fall). Available via http://www.akamaiuniversity.us/PJST12_2_260.pdf

Odularu GO, Tambi, E (2011) Promoting Africa’s participation in establishing standards for International Agricultural Trade. International Centre for Trade and Sustainable Development (ICTSD) Trade Negotiations Insight (TNI), Geneva. 10(9):8–9. Available via http://ictsd.org/i/news/tni/121368/; http://ictsd.org/i/news/tni/121368/

Odularu GO (2013) An economic development strategy for West Africa: lessons and policy direction. Faculty of business and law, University of Sunderland, North East England, UK. Available via http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.640872

ICTSD (2012) The future and the WTO: confronting the challenges. A collection of short essays. ICTSD Programme on Global Economic Policy and Institutions, Geneva. Available via http://www.ictsd.org/downloads/2012/07/the-future-and-the-wto-confronting-the-challenges.pdf

WTO (2016) Understanding the WTO: basics (principles of the trading systems). Available via https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm

WTO Website on RTAs: https://rtais.wto.org/UserGuide/RTAIS_USER_GUIDE_EN.html; https://www.wto.org/english/tratop_e/region_e/trans_mecha_e.htm

Title: Conclusion: Emerging Issues, Strategic Priorities for South–South RTAs Research, and Economic Policy Directions for Africa
Author: Gbadebo Odularu
Publisher: Springer International Publishing
Book: Negotiating South-South Regional Trade Agreements
Print ISBN: 978-3-319-45568-6

Electronic ISBN: 978-3-319-45569-3

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-45569-3_10