New mega-trade deals: What implications for Africa?
Briefing Note 73
Ramdoo, I. 2014. New mega-trade deals: What implications for Africa? (Briefing Note 73). Maastricht: ECDPM.
The stalemate at the WTO over the last two decades has been accompanied by a proliferation of bilateral and regional trade agreements, and more recently mega trade agreements, such as TTIP, TTP, RCEP and FTAAP.
Mega trade deals will have an impact on trade flows, on the direction and intensity of investment, on the structure of regional and global value
chains, and will redefine the ‘rules of the game’.
Mega-trade deals are expected to be about WTO-plus issues and WTO-extra issues. For Africa, mega trade deals will likely(i) lead to an erosion of the margin of preferences they enjoy to big markets; (ii) further entrench the position of Africa as rule/standard taker.
African policy makers need to think ‘outside the box’ to forge strategic responses and alliances to avoid marginalisation and being rule-takers.