LEADER 02451nam 22003855 450 001 9910807165803321 005 20210209225128.0 010 $a1-4648-1560-7 024 7 $a10.1596/978-1-4648-1559-1 035 $a(CKB)4100000011437320 035 $a(MiAaPQ)EBC6346581 035 $a(The World Bank)21614597 035 $a(US-djbf)21614597 035 $a(EXLCZ)994100000011437320 100 $a20200717d2020 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cn$2rdamedia 183 $anc$2rdacarrier 200 14$aThe african continental free trade area : $eeconomic and distributional effects 210 1$aWashington :$cWorld Bank Group,$d2020. 215 $a1 online resource (pages cm) 311 $a1-4648-1559-3 330 3 $aThe African Continental Free Trade Area (AfCFTA) agreement will create the largest free-trade area in the world, measured by the number of countries participating. The pact connects 1.3 billion people across 55 countries with a combined GDP valued at USD 3.4 trillion. It has the potential to lift 30 million people out of extreme poverty. But achieving its full potential will depend on putting in place significant policy reforms and trade facilitation measures. This report is designed to guide policymakers as they continue the process of negotiating and implementing the agreement. Using a global computable general equilibrium model and a microsimulation framework, it quantifies the long-term economic and distributional implications of AfCFTA. It also assesses the implications for economic growth, international trade, poverty, and employment and wages -for female as well as male workers. It spells out the short- and long-term implications for tariff revenue. The analysis shows that full implementation of AfCFTA could boost income by 7 percent, or nearly USD 450 billion. The agreement would also significantly expand African trade-particularly intra-regional trade in manufacturing. In addition, it would increase employment opportunities and wages for unskilled workers and help to close the wage gap between men and women--$cProvided by publisher. 410 0$aWorld Bank e-Library. 606 $aFree trade$zAfrica 615 0$aFree trade 676 $a382.096 801 0$bDLC 801 1$bDLC 906 $aBOOK 912 $a9910807165803321 996 $aThe african continental free trade area$94114008 997 $aUNINA