African Continental Free Trade Flashcards Preview

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Flashcards in African Continental Free Trade Deck (9)
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1
Q

How many countries are in the African Union ?

A

55

2
Q

Where did the heads of African Union states sign the agreement for Free Trade Area in March 2018 ?

A

Kigali, Rwanda

3
Q

How many of the 55 states signed in March 2018 ?

A

44

4
Q

According to the UN Economic Commission, how much will this agreement boost African trade by 2022 ?

A

52%

5
Q

What are the potential gains ?

A
  1. Bigger and Integrated Regional Market
  2. From RVC and integrate to GVC
  3. Eliminate overlapping trade agreement
6
Q

What is RVC ?

A

Regional Value Chain

7
Q

What is GVC ?

A

Global Value Chain

8
Q

Which process helps India-Africa trade from 2000 ?

A

India Africa Forum Summit Process

9
Q

How can India Africa trade benefit from AfCTA ?

A
  1. One stop Trade Bloc
  2. Geo-Strategic Advantage
  3. Geo Economic Gains
  4. Decline of WTO
  5. Compliment other steps