Failures of past trade agreements hold lessons for AfCFTA

Failures of past trade agreements hold lessons for AfCFTA

Around 2015, Nigeria firms were optimistic that the Common External Tariff (CET) would remove barriers to free trade and enable them double their exports in the West African region. It was an agreement among 15 Economic Community of West African States (ECOWAS) member-countries targeted at pushing intra-regional trade beyond 12-15 percent. The assumption was that…

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