African Continental Free Trade Area (AfCFTA) Agreement: Implications for Sustainable Rural Development
DOI:
https://doi.org/10.54536/ijsrd.v1i2.3007Keywords:
African Continental Free Trade Area (AfCFTA), Sustainable Rural Development, Market Access, Infrastructure Development, Trade Integration, Economic Growth, Intra-African TradeAbstract
This article analyses the consequences of the African Continental Free Trade Area (AfCFTA) Agreement on the long-term viability of rural development in Africa. The review examines the potential of the AfCFTA to improve market access, increase agricultural productivity, and promote infrastructure development in rural regions through the analysis of empirical research, reviews, and policy papers. The key findings emphasize the potential advantages of decreased trade barriers, which can encourage the use of contemporary farming methods and enhance rural incomes. Nevertheless, it is imperative to tackle obstacles such as inadequate infrastructure, environmental sustainability, and social equity in order to achieve comprehensive and fair growth. The analysis highlights the necessity of implementing comprehensive policies that provide assistance to small-scale farmers, encourage sustainable methods, and guarantee fair distribution of benefits from trade among rural communities. These findings offer a strong and reliable foundation of evidence for policymakers who want to utilize the AfCFTA to bring about significant and positive changes in rural development in Africa.
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Copyright (c) 2024 Olatunbosun Onaopemipo Olalekan, Deborah Oluwadamilola Adeleye, Wang Haibin, Chinana Lilian Uyanwune
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