Towards an African common market for agricultural products
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This study, the second issue of a new series dealing with agricultural commodity policies is carried out in the context of an FAO/African Union project whose objective is to provide an analysis of the feasibility of establishing an African Common Market for Agricultural Products. The study examines the key legal and economic issues involved in establishing an African Union Common Market in Agricultural Products. In particular, it examines how national and regional policies and instruments can be used to foster trade in strategic products and recommends strategies as to how the goal of a continental common market might be attained. It does this by first discussing the legal dimension of cooperation and revisiting the rationale for the commitments made by African states. It then examines the multilateral requirements for the establishment of preferential trading arrangements as well as the measures that have been agreed upon at regional and international levels relating to market integra tion. The study then reviews the principles underpinning the Constitutive Treaty of the African Union and within the context of the various regional trade agreements pursued by Africas Regional Economic Communities (RECs), focussing on provisions that impact on trade in general and agricultural trade in particular. In doing so, it examines both the economic and institutional arrangements that currently exist for harmonising trade and proposes measures that could be taken to strengthen these arra ngements.