African Continental Free Trade Flashcards
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
- Bigger and Integrated Regional Market
- From RVC and integrate to GVC
- 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
- One stop Trade Bloc
- Geo-Strategic Advantage
- Geo Economic Gains
- Decline of WTO
- Compliment other steps
