When it comes into effect in stages over the next several months and years, the AfCFTA will cover a market of more than 1.2 billion people and up to $3 trillion in combined GDP… On its completion, the AfCFTA will become the largest free trade area in the world since the establishment of the World Trade Organization.
Read Here | Foreign Policy
A logical implication of the externality argument is that trade agreements lead to freer trade. Some have equated this with the argument for free trade, but the arguments are quite distinct. The case for free trade rests on strong assumptions that may or may not be reasonable.
As U.S. energy exports increase, the United States should think carefully about the kind of exporter it wants to be, promoting free trade and investment wherever possible, with no political strings attached. If it does, it could transform the world energy market and, in turn, reap vast political and economic rewards.
