Social and Behavioral Sciences Commons^™

Significance And Impacts Of The Tripartite Free Trade Area – A Qualitative Assessment, Sambath Jayapregasham

Undergraduate Economic Review

The Tripartite Free Trade Area (TFTA) has been driven by a need for improved growth in African countries following their respective independence. Since then, member nations have been seeking new initiatives to increase trade and to work cooperatively. The idea of regional integration in this ‘Cape-to-Cairo’ free trade zone is set to cover just under two-thirds of Africa's population and improve the flow of goods and investment significantly. This paper explores the significance and impacts of the single FTA on various aspects of economic growth, including welfare, trade, price effects, custom tariffs, government revenues, and the labor market.