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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.