Regional Economic Integration

A Reflection on African Trade and Investment Wars in Context

In this essay, we center some of the intra-African trade wars in context. First, these trade and investment wars reveal the ways in which investors maneuver and respond to the hostile regulatory actions of a hegemon state by moving their investments to a friendlier economy. Our first example between Uganda falls into this category. In response to the actions of the Kenyan government, the investors secured market access in Zambia. Zambia thus became a beneficiary of the trade war between Uganda and Kenya. Second, the trade and investment wars bode well for the future of trade liberalization in Africa under the AfCFTA because this probably points to rising trade volumes between African states. Third, as we show in the context of the examples we discuss, the citizens of States that have taken the more hardline posture on the regulatory measure at the heart of the trade and investment war appear to be worse off in their capacity to generate sustained economic development. Fourth, in some cases, African trade and investment wars are caused by socio-economic conflicts. The xenophobic attacks in South-Africa are illustrative of this example. The xenophobic attacks often escalate to trade wars and retaliatory economic backlashes. Fifth and finally, we loop in the AfCFTA and arguethat the trade wars remain a threat to the realization of the promise of the AfCFTA.

Reflection Piece on the 8th Lecture of the Afronomicslaw Academic Forum: The AfCFTA in the Shadow of Contending Visions of Pan-Africanism by Prof Olabisi D. Akinkugbe

On Saturday, 10 April 2021, Olabisi D. Akinkugbe delivered the 8th Lecture in the ongoing Guest Lecture Series of the Afronomicslaw Academic Forum. The title of Professor Akinkugbe’s presentation was “The African Continental Free Trade Area in the Shadow of Contending Visions of Pan-Africanism.” The Lecture was based on his forthcoming book chapter entitled “A Critical Appraisal of the African Continental Free Trade Area Agreement.” Prof. Akinkugbe’s main argument was that although the AfCFTA has been referred to as a pan-African trade agreement, it is unclear what that means since pan-Africanism is subject to different interpretations.

Developing Robust and Coherent Regional Trade Policy could quell the chaos surrounding Land Border Closures in Nigeria

While the Nigerian Office for Trade Negotiations (NOTN) 2017 Nigerian Annual Trade Policy Report (NAPTOR) was an excellent step in the right direction, it is not enough. As such, in the spirit of the legal reform proposals that the CLRNN inaugural conference demanded, I urge the Nigeria government to develop and adopt a coherent and robust regional trade policy that will be updated from time to time to reflect the realities of the day.

PEPA/SIEL Conference, UNCTAD/SIEL Award for Research in Investment & Development

The conference is organised by the Postgraduate and Early Professionals/Academics Network of the Society of International Economic Law (PEPA/SIEL) in collaboration with the International Law Forum and other sponsors at the Hebrew University of Jerusalem. SIEL’s Postgraduate and Early Professionals/Academics Network (PEPA/SIEL) is, among other things, interested in fostering collaboration and mentoring opportunities for emerging academics and professionals in International Economic Law (IEL). PEPA/SIEL fulfils these goals through various activities such as organising conferences at which emerging IEL academics and professionals can present and discuss their research in a supportive and welcoming environment.

International Economic Law Teachers in Africa Need to Beat Their Own Drums

“Not acceptable at this level”, a professor commented on one of my exam questions that asked students to “[d]escribe the salient features of the Southern African Customs Union (SACU).” This happened in 2017 at the University of Namibia (UNAM) where, until last year, I taught the International Economic Law module, a module pitched at the level of a bachelor honors degree. The professor – an academic from a leading South African university hired to moderate examination papers from UNAM’s Faculty of Law – recommended that I tweak my question as follows: “Discuss the validity of the Southern African Customs Union in the WTO framework”.

Negotiating the AfCFTA in the Shadow of International and Regional Struggle for Power: A Caution!

The AfCFTA has a broad objective of creating “a single continental market for goods and services, with free movement of business persons and investments” and a potential to significantly impact international trade relations simultaneously at the continental and global levels. Yet, situated in the context of a challenging and protracted history of non-implementation of regional trade agreements, and a complex international and regional trade wars with divisive implications in contemporary multilateral trading system, there are reasons to be modest about the impact of the AfCFTA.