African Regional Trade Agreements as Flexible Legal Regimes
James Thuo Gathii
Abstract
James Thuo Gathii
Abstract
Introduction Trade integration in Africa is often viewed in light of the European Union and other regional integration arrangements like the North American Free Trade Agreement (NAFTA). From this perspective, integration is regarded as necessarily destined to proceed on a linear path where tariffs and non-tariff barriers are progressively eliminated, the trade regimes of member countries are linked together, and eventually their fiscal and monetary policies are harmonized. In the European experience, trade integration has been the result of a series of treaty commitments that also created a supranational organization to which the states transferred certain types of authority.
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Introduction Trade integration in Africa is often viewed in light of the European Union and other regional integration arrangements like the North American Free Trade Agreement (NAFTA). From this perspective, integration is regarded as necessarily destined to proceed on a linear path where tariffs and non-tariff barriers are progressively eliminated, the trade regimes of member countries are linked together, and eventually their fiscal and monetary policies are harmonized. In the European experience, trade integration has been the result of a series of treaty commitments that also created a supranational organization to which the states transferred certain types of authority.
Key concepts: Economic integration, International trade, International economics, Regional integration, Treaty, International free trade agreement, Tariff, Trade barrier