Answer to Question #76963 in Economics of Enterprise for Legesse
2. In March 2018, in Rwanda, Kigali, African leaders came up with an agreement to establish continental regional trade area in Africa. On the other hand, majority of states in Africa are members of the WTO. Therefore, how does the Regional Free Trade Area give favorable advantage in trade for African countries without violating WTO law? How may a WTO member state engage in the continental free trade agreement while giving favorable advantage only for African countries without evading their WTO commitment?
2. The Regional Free Trade Area can give favorable advantage in trade for African countries without violating WTO law, if this area won't set any tariffs or other regulations, which will be higher than WTO bound rates.
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