Policy seminar: Prospects for the African Continental Free Trade Area
BY TIMOTHY KAROFF On Jan. 1, the African Continental Free Trade Area (AfCFTA) formally took effect. The AfCFTA’s 55 countries make it one of largest free trade areas in the world, and it could increase the continent’s total real income by $445 billion by 2035, according to a World Bank estimate. However, whether countries reap these benefits depends on how