Title: Trade Agreements and Exports: A Case of Africa—China and the European Union Trade Relations
Abstract: The potential of developing countries to achieve rapid and sustainable economic growth and reduction in the level of poverty in part depend on their integration into global markets. In reality, this is often the case as there are various market access barriers to some key exports of developing countries, which make it difficult for them to take full advantage of the opportunities that abound in global trade. In international trade theory of comparative cost advantage, countries are advised to specialise in the production of commodities in which they have comparative cost advantage over countries. So far, there has been a divergence of opinions as to what extent has the regional trade agreements been able to minimise the trade barriers on Africa's exports, which will thereby enhance her exports in global trade. While a school of thought believes that the trade agreements have not contributed to Africa's exports to both developed and developing countries, thereby reducing the income level employment rate.
Publication Year: 2020
Publication Date: 2020-11-29
Language: en
Type: book-chapter
Indexed In: ['crossref']
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