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Investments in value-adding sectors also require markets. Intra-Africa trade remains low despite significant growth potential. Economic integration at a regional and continental level in Africa as well as boosting trade relations with the EU are therefore essential components of a coherent economic strategy. Economic Partnership Agreements, Free Trade Agreements, including the Deep and Comprehensive Free Trade Areas, and other trade regimes with the EU are building blocks to the benefit of the African Continental Free Trade Area. The long-term perspective is to create a comprehensive continent-to-continent free trade agreement between the EU and Africa.

 

Targets

By 2020, the EU support to the African Continental Free Trade Area and other key policy frameworks for economic integration should amount to a total of € 50 million. 

 

Progress & Projects

Support to the African Continental Free Trade Area:

Projects launched since 2014

 

 

Key Contributing Projects And Success Stories

AU Support Programme

AU Support Programme : support to the African Union agenda on regional integration (€7.5 million)

Indaba

Indaba : with XX to promote strategic dialogue on investment climate between key stakeholders in Africa and Europe, from the private sector to the academia (€ 4,5 million)

Intellectual Property Rights

Intellectual Property Rights : with XX to protect Intellectual Property Rights across Africa in line with International and European best practice (€ 7 million)

AU Trade Observatory

AU Trade Observatory : with the International Trade Center and the African Union Commission o set up the new African Union Trade Observatory (€ 4 million signed on 9 February 2019 in Addis Ababa)

National Strategies

National Strategies : with the United Nations Economic Commission for Africa for the development of national AfCFTA implementation plans and ratification advocacy (€ 3 million signed on 18 December 2018 in Vienna)