Navigating Border Issues: Challenges and Solutions for AfCFTA Implementation
The African Continental Free Trade Area (AfCFTA) has attracted a lot of interest and excitement since it was first introduced due to its promise of fostering intra-African trade, stimulating economic growth, and promoting regional integration. But there are obstacles in the way of the lofty objectives and possible gains, especially when it comes to border disputes. To fully benefit from the AfCFTA and ensure its successful implementation, this challenge need to be addressed.
Understanding Border Issues:
Border issues comprise an array of obstacles that impede the seamless movement of commodities, amenities, and individuals throughout African borders. These difficulties include onerous customs procedures, poor infrastructure, corrupt bureaucracy, red tape, security issues, and disparities in regulatory standards among the member states. These kinds of obstacles not only raise the cost of transactions but also reduce trade and investment activities efficiency.