{"title":"尼日利亚加入非洲大陆自由贸易协定后的转型轨迹。","authors":"Ukinebo Blessing Asemota-Osifo, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.21","DOIUrl":null,"url":null,"abstract":"The African Continental Free Trade Agreement (AfCFTA) is a significant initiative aimed at promoting economic integration among 54 African nations. This article examines the historical context, challenges, and achievements of the AfCFTA, including tariff reductions, trade in goods and services, intellectual property rights, and free movement of persons. It also highlights the challenges faced by African economies, such as low industrialization and limited access to finance. The article proposes strategic solutions, such as infrastructure development and regulatory harmonization, to address these issues. The AfCFTA has created the world's largest free trade area, promoted trade in services, and attracted foreign investment. The article highlights its resilience during the COVID-19 pandemic and acknowledges its transformative potential in shaping Africa's economic future. Future prospects include scope expansion, regional integration, digitalization, and sustainable growth. Keywords: Global trade, AfCFTA, Regional Trade, Trade block","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"306 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Transformative Trajectory for Nigeria in the Aftermath of Joining the African Continental Free Trade Agreement.\",\"authors\":\"Ukinebo Blessing Asemota-Osifo, silva Opuala-Charles\",\"doi\":\"10.60089/dbebj.2024.4.1.21\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The African Continental Free Trade Agreement (AfCFTA) is a significant initiative aimed at promoting economic integration among 54 African nations. This article examines the historical context, challenges, and achievements of the AfCFTA, including tariff reductions, trade in goods and services, intellectual property rights, and free movement of persons. It also highlights the challenges faced by African economies, such as low industrialization and limited access to finance. The article proposes strategic solutions, such as infrastructure development and regulatory harmonization, to address these issues. The AfCFTA has created the world's largest free trade area, promoted trade in services, and attracted foreign investment. The article highlights its resilience during the COVID-19 pandemic and acknowledges its transformative potential in shaping Africa's economic future. Future prospects include scope expansion, regional integration, digitalization, and sustainable growth. Keywords: Global trade, AfCFTA, Regional Trade, Trade block\",\"PeriodicalId\":502418,\"journal\":{\"name\":\"DiamondBridge Economics and Business Journal\",\"volume\":\"306 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-02-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"DiamondBridge Economics and Business Journal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.60089/dbebj.2024.4.1.21\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"DiamondBridge Economics and Business Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.60089/dbebj.2024.4.1.21","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Transformative Trajectory for Nigeria in the Aftermath of Joining the African Continental Free Trade Agreement.
The African Continental Free Trade Agreement (AfCFTA) is a significant initiative aimed at promoting economic integration among 54 African nations. This article examines the historical context, challenges, and achievements of the AfCFTA, including tariff reductions, trade in goods and services, intellectual property rights, and free movement of persons. It also highlights the challenges faced by African economies, such as low industrialization and limited access to finance. The article proposes strategic solutions, such as infrastructure development and regulatory harmonization, to address these issues. The AfCFTA has created the world's largest free trade area, promoted trade in services, and attracted foreign investment. The article highlights its resilience during the COVID-19 pandemic and acknowledges its transformative potential in shaping Africa's economic future. Future prospects include scope expansion, regional integration, digitalization, and sustainable growth. Keywords: Global trade, AfCFTA, Regional Trade, Trade block
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