Regionalism, “continentalism,” and multilateralism: Building or stumbling blocks for Africa?

Sall, Leysa Maty; Bouët, Antoine; Seck, Abdoulaye

Regionalism, “continentalism,” and multilateralism: Building or stumbling blocks for Africa?

Autores

Sall, Leysa Maty

Bouët, Antoine

Seck, Abdoulaye

Editor

AKADEMIYA2063
International Food Policy Research Institute

Descripción

Following World War II, a multilateral framework was established to structure global trade based on shared principles, including nondiscrimination through Most Favored Nation (MFN) treatment, consolidation of customs duties, the ability to implement trade remedies in cases of unfair competition, and the creation of transparent trade policies and a binding dispute settlement mechanism. This framework was established in the General Agreement on Tariffs and Trade (GATT) and later by the World Trade Organization (WTO). It facilitated the rapid expansion of international trade for several decades: according to the WTO, world trade volume today is 45 times the level recorded in 1950.