Sustainable Development Under AfCFTA: Dimensions, Limitations and Prospects

Author:

Ajibo Collins Chikodili1,Kaime Thoko2

Affiliation:

1. Faculty of Law , University of Nigeria , Enugu , Nigeria

2. Institute of African Legal Studies , University of Bayreuth , Bavaria , Gemany

Abstract

Abstract Sustainable development constitutes a catch phrase for integrated and inclusive development more so in Africa that is battling with development challenges. Despite its legitimization at the highest institutional level, a principal impediment encountered in the concretization of sustainable development principles (environmental, social and economic) in Africa remains the enforcement conundrum. The situation is compounded by indifference of the state and non-state actors. Cases of environmental damage, social malpractices and economic marginalization in the execution of trade and investment policies are largely treated with levity, with prioritization accorded to financial accruals over disciplining delinquent behaviour. Consequently, the emergence of the African Continental Free Trade Area Agreement (AfCFTA) with provisions on sustainable development renews hope for the concretization of the sustainable development principles in Africa. A crystallization of effective enforcement of sustainable development principles is deeply intertwined with an existence of an effective peer-review mechanism with a network of reporting linkages. Arguably, effective peer review system is fundamental to assessment of state of play, investigation of violations, collation of reports, and institutional strengthening to change the dynamics in favour of improved performance.

Funder

Alexander von Humboldt-Stiftung

Publisher

Walter de Gruyter GmbH

Reference65 articles.

1. African International Economic Law Network (AfIELN), Symposium Issue: Africa’s Participation in International Economic Law in the 21st Century, 17 Manchester Journal of International Economic Law, no. 1 (2020).

2. African Union, African Peer Review Mechanism (APRM), available at: , accessed 25 November 2023.

3. African Union, Operational Phase Of The African Continental Free Trade Area Launched (2023), available at: , accessed 24 November 2023.

4. Agle, B.R. et al.., Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts, 22 The Academy of Management Review, 4 (1997).

5. Ajibo, C.C., A Critique of Enlightened Shareholders Value: Revisiting the Shareholders’ Primacy Theory, 2 Birkbeck Law Review, no. 1 (2014).

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