Department of Mercantile Law

Permanent URI for this community

https://scholar.sun.ac.za/handle/10019.1/128

Browse

Browsing Department of Mercantile Law by Subject "African Continental Free Trade Area"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Critical analysis of the institutional framework governing the agreement establishing the African Continental Free Trade Area
    (Stellenbosch : Stellenbosch University, 2023-12) Lehlongwa, Thulane Charlo; Ruppel, Oliver Christian, 1969-; Stellenbosch University. Faculty of Law. Dept. of Mercantile Law.
    ENGLISH ABSTRACT : The African Continental Free Trade Area as a flagship project of Agenda 2063 represents renewed attempts by the African Union to drive the continent closer to its economic integration ambitions, which can be formally traced back to the adoption of the African Declaration on Cooperation, Development, and Economic Independence, and later the Treaty Establishing the African Economic Community. Building on these frameworks, the AfCFTA seeks to, amongst others, advance intra-African trade by creating a single market for goods and services facilitated by the movement of persons, promoting sustainable and inclusive socio-economic growth, creating a liberalised market for goods and services, and promoting industrial development. Central to the attainment of the objectives of the AfCFTA is a well-functioning and effective institutional framework at a continental, regional, and national level all well-integrated to facilitate and oversee its implementation. The strengthening of regional and continental institutions to effectively lead and drive Africa’s transformation agenda has also been recognised by Agenda 2063 as a key enabler to this end. The demise of previous African integration efforts has mainly been attributed to the weakness of regional and continental organs to be able to effectively oversee and administer the implementation of continental programmes by the countries. This thesis appraises the institutional framework established to oversee the implementation, administration, facilitation, and monitoring of the AfCFTA, and this is considered against the broader African Union institutional framework and the regional economic communities. Although vastly different, the thesis further considers the experience and best practices from the European Union regional integration model to draw lessons and with a view to reforming and integrating African continental and regional bodies to be able to effectively oversee key initiatives including the AfCFTA. Finally, the thesis considers some of the work already initiated by the AU to review and reconfigure the extant continental bodies and then recommends some key interventions to reinforce and better integrate the institutional framework of the AfCFTA with the existing continental and regional frameworks.