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African Union: future role in BRICS+ and G20

... on the world stage and the increasing support for African economic integration both regionally and globally. In fact, one of the few positive trends in the global economy in recent years has been the greater prominence of regional integration in the Global South of which perhaps the most important has been the AU-led creation of the African Continental Free Trade Area (AfCFTA). The African Union is in the process of accession to the core of the G20 grouping as a full-fledged member and is also a participant of the BRICS+ meetings that in turn are increasingly targeting regional groupings from the Global South. What ...

27.02.2023

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Towards a Free Trade Area for the Global South

... this respect may be the progression of the AfCFTA project – according to the estimates of the World Bank , “by 2035 the AfCFTA is set to lift 30 million Africans out of extreme poverty and 68 million from moderate poverty”. A more recent study ... ... while intra-African exports could grow by 109%, led by manufactured goods”. The platform for a comprehensive FTA across the Global South may be based on the BRICS+ framework whose evolution since 2017 is increasingly geared towards bringing together ...

30.08.2022

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