EXPLORING THE LEGAL OPPORTUNITIES AND CHALLENGES OF THE INTERNATIONAL TRADE BETWEEN AFRICA AND EUROPE
Abstract
Trade between Africa and Europe has a long history, and given the continent's expanding economy, this link is certain to continue. But navigating the legal system offers big problems as well as intriguing opportunities. This article looked at several legal frameworks, agreements, and issues that affect commercial relations between Africa and Europe in order to explore the legal potential and constraints of international trade between the two continents. The methodology adopted for this research is the doctrinal research method and data were collected through reference to primary sources such as laws, treaties, and judicial decisions, and through secondary sources such as books, journals, and online publications. It was found that businesses, investors, and governments have a number of chances to take advantage of the continent's economic potential, advance shared prosperity, and encourage greater collaboration between the two areas through the international trade partnership between Africa and Europe. The commercial connection between Europe and Africa is beset by a number of obstacles including inequities in tariffs and other trade restrictions, inadequate infrastructure, political unrest, corruption, and informal commerce. To fully realize the potential of commerce between the two continents, cooperation between governments, corporations, civil society, and international organizations is necessary.
Full Text:
PDFRefbacks
- There are currently no refbacks.