Africa’s diversification and its trade policy transformation

Ndung’u, Njuguna / Axel Berger / Clara Brandi / Uri Dadush / Fatima Olanike Kareem / Olayinka Idowu Kareem / David Luke / Simon Mevel / Rim Ben Ayed Mouelhi / Abebe Shimeles / Frederik Stender / Wilson Wasike
External Publications (2020)

in: T20 Saudi Arabia, Policy Brief, Online

Information

This Policy Brief discusses Africa’s diversification and policies of economic transformation through the lens of the African Continental Free Trade Area (AfCFTA) which is a potentially important vehicle for speeding up the continent’s diversification and a lever for win-win G20-Africa economic relations. The Brief argues in favour of broadening Africa-G20 cooperation that is currently limited to a few initiatives and an observer status for the African Union (AU) and New Partnership for Africa’s Development (NEPAD). Moreover, the AfCFTA presents opportunities for both G20 and Africa’s leadership to add value to development of Africa’s young and growing population as well as boost its legitimacy, credibility and relevance to global development through shaped future trade relations.