Free trade, peace and prosperity

Abstract

This Chaillot Paper is the outcome of a Task Force on African Futures, launched in November 2019 by the EUISS in partnership with leading African and European research institutions. The Task Force identified the implementation of the African Continental Free Trade Area (AfCFTA) as a key factor driving economic, technological and societal transformations in Africa in the next decade. Based on the premise that continental integration is critical for Africa’s economic recovery and future resilience, the publication portrays what an integrated and prosperous African continent could look like in 2030, thanks to the full implementation of the AfCFTA. It describes the pathways, milestones and initiatives that can lead to such a desirable scenario in ten selected, cross-cutting areas, showing how coordinated policy action in these sectors is essential to achieve trade integration. In contrast, it also warns about what could happen if negative sectoral trends are not addressed, highlighting the perils and costs of inaction. Finally, it argues that integration under the AfCFTA can be a primary conduit for the strengthening of African multilateralism, and an antidote to proxy conflicts and depredation.