Issues arising from pooling resources and integrating economies
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
To all those who are convinced that regional integration requires strong political will and committed leadership, African Heads of State showed just that when they were presented with a single African passport at the 27th African Union Summit in Kigali, Rwanda. The proposal to implement a single passport for Africa and ensure free movement of people is part of the African Union’s 2063 Agenda.
The African Growth and Opportunity Act (AGOA) is the primary legislation that defines the U.S.-Africa commercial relationship. The benefits provided by AGOA have allowed for an average of around 70 per cent of all imports from Sub-Saharan Africa to enter the U.S. duty-free since the enactment of the legislation. While AGOA has been successful in providing duty-free access, it still leaves a great deal to be desired regarding the promotion of sustainable economic gains for the continent. Understanding where AGOA has been successful and considering how to enhance its impact is important, especially at this time when its renewal is being debated and requires decisive action over the next 12-18 months.