“They drive a Japanese car, drink French wine, eat Chinese food, own an American computer, buy Canadian wood and go on vacation to Mexico. How can we be against free trade?! The signing of the framework protocol will not immediately create a free trade area. Countries have yet to conclude negotiations on protocols on trade in goods and services, intellectual property rights, investment and competition. Trudi Hartzenberg, executive director of the Trade Law Centre, a South African-based think tank, told Africa Renewal that while the free trade area could significantly improve competitiveness and promote intra-African trade, it also requires “strong technical leadership and capacity to help member states in future negotiations…. We are also witnessing strong protective currents in the global economy. Choose two different visual media that will express your opinion on trade agreements, trade barriers or free trade. The resource list contains some examples of visual media and instructions for Internet search. Make sure you include the media element or access instructions with your evaluation. Write down the most important events and ideas that are recognizable in the item, creator and date of origin and read all included entries or quotes. Countries must also provide information on “rules of origin” to ensure that products are exclusively manufactured in Africa. The benefits of free trade were outlined in On the Principles of Political Economy and Taxation, published in 1817 by economist David Ricardo. In Kigali, Rwanda, where the framework protocol was signed in March last year, African heads of state and government were optimistic.
If – or when – the 55 African countries ratify the free trade area, it would together represent more than $4 trillion in consumer and business spending, and a market size of 1.2 billion people. Few issues divide economists and the scope of public opinion as much as free trade. Studies show that economists at U.S. university faculties are seven times more likely to support a free trade policy than the general public. In fact, the American economist Milton Friedman said: “The economic profession was almost unanimous on the question of the desire for free trade.” Whatever its historical significance, much remains to be done before countries can benefit from a free trade area. Countries committed to the agreement are expected to present their timetables for concessions for trade in goods and services by next year. Concession schedules outline products and services that countries will no longer tax. Between 2012 and 2014, more than 75% of the continent`s exports were extracts; Yet, during the same period, less than 40% of intra-African trade, according to the African Union (AU), were extracts from de-demerit, underscores the need to boost trade within the continent. C.
Does this position reflect the commitment to free trade or protectionism? Explain your answer and insert evidence of the item to support your response.