The African Continental Free Trade Area Agreement (AfCFTA): Possible benefits for women and youth in Africa
Abstract
This paper intends to analyze the potential economic benefits of the African Continental Free Trade Area Agreement (AfCFTA) for African women and youth population. Women and youth population in Africa live in poverty and are unemployed, resulting in high crime rates and increased dependence on social services. The fact that more people in Africa depend on the government's social services has placed a burden on government resources. The African Union Summit in Kigali, Rwanda, in March 2018 witnessed the signing of the AfCFTA by the heads of state of 44 African nations. So far, 36 of Africa's 54 nations have signed the treaty. The AfCFTA will establish a single market for goods and services, making it simpler for individuals to move across the continent and foster trade development. It will also help economic growth and contribute to a more prosperous and equitable society. It is worth mentioning that Africa has the world's youngest population, with women constituting half of the continent's population. Based on this premise, this research analyzes how the AfCFTA might benefit women and youth population, utilizing a qualitative research approach and a review of the current literature. The article highlights the potential benefits from the AfCFTA for both women and youth population.
Keywords:
Development, Poverty, Trade, Woman, Unemployment, YouthReferences
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