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2. On 1 January 2021, the African Continental Free Trade Area (AfCEIA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 1976 of Arica's foreign trade is I with other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.

2. On 1 January 2021, the African Continental Free Trade Area (AfCEIA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 1976 of Arica's foreign trade is I with other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.

Principles of Management
Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter6: International Management
Section: Chapter Questions
Problem 10CRQ: What are the various means available to companies to go international? When is an exporting strategy...
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2. On 1 January 2021, the African Continental Free Trade Area (AfCFTA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 19% of Arica's foreign trade is Iwith other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.
Transcribed Image Text:2. On 1 January 2021, the African Continental Free Trade Area (AfCFTA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 19% of Arica's foreign trade is Iwith other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.
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