CLEAN : African Continental Free Trade Area "still a very long road ahead" says analyst

The video discusses the potential of expanding the African market through the Continental Free Trade Area, highlighting the progress made and the challenges ahead. It emphasizes the need for finalizing tariff negotiations and establishing an African trade observatory. The complexity of trade negotiations and the importance of harmonizing tariffs to reduce corruption are also covered.

What is the main benefit for exporters with the expansion of value chains in Africa?

• Access to a larger African market

• Reduced production costs

• Increased government subsidies

• Lower transportation fees

What is a significant challenge mentioned in the progress of the Continental Free Trade Area?

• Finalizing tariff negotiations

• High taxation rates

• Lack of interest from African countries

• Insufficient infrastructure

Which city is mentioned as the location for the establishment of an African trade observatory?

• Addis Ababa

• Cairo

• Nairobi

• Lagos

What is one of the benefits of harmonizing tariffs according to the transcript?

• Higher export taxes

• Increased trade barriers

• Reduced opportunity for corruption

• More complex trade agreements

What remains a challenge in implementing the Continental Free Trade Area?

• Over-reliance on technology

• Excessive foreign investment

• Lack of international support

• Inefficiency and lack of capacity