Agriculture and AfCFTA: NTM reductions increase intra‐Africa trade
利用三种非关税措施数据集和可计算一般均衡模型,估计非洲大陆自由贸易区削减非关税措施对农业贸易的影响,发现其带来的非洲内部贸易增长远超仅削减关税的效果。
Abstract The African Continental Free Trade Area (AfCFTA) is expected to provide trade gains for Africa, especially from reducing non‐tariff measures (NTM). Unfortunately, data on NTMs is scarce, both by country and sector. Using three underlying NTM data sets and other data sources, we provide a range of estimates to fill the missing gaps in the existing estimates. Focusing on agriculture, we then use a computable general equilibrium model to estimate the effects of the AfCFTA. Results from all three data sets indicate that NTM reduction leads to much greater intra‐Africa trade gains than tariff reduction alone.