Towards a Free Trade Area for the Global South
... There will also be a need to include provisions that protect the interests and needs of the least developed economies of the Global South. Estimates from the United Nations ESCAP suggest that the potential dividends from the creation of a South-South FTA may be substantial – “such a scenario would enhance South-South trade significantly. Most of the South countries would experience rise in export to other South countries”. One of the possible guides in this respect may be the progression of the AfCFTA project – according to the estimates of the World Bank , “by 2035 the AfCFTA is set to lift 30 million Africans out of extreme poverty and 68 million from moderate poverty”. A more recent study by the World Bank finds that “under deep ...
