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Rwandan President Paul Kagame delivers remarks at the African Union meeting in Kigali, March 21, 2018

High hopes for the African Continental Free Trade Area

The launch of the African Continental Free Trade Area (AfCFTA) has come with high hopes for a boost in economic activity and development. But free trade agreements in themselves are no silver bullet for backward economies. Especially in Africa, institutional reform, infrastructure improvement and the reduction of nontariff barriers will be key for development to really gain momentum. Accomplishing those goals, however, could make many African regimes vulnerable.

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