PROPOSED MECHANISMS TO ACHIEVE SUSTAINABLE DEVELOPMENT IN EGYPT THROUGH IMPLEMENTATION OF THE AFRICAN FREE TRADE AGREEMENT | ||
| Journal of Environmental Science | ||
| Volume 53, Issue 11, November 2024, Pages 2860-2894 PDF (1020.01 K) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/jes.2024.277753.1760 | ||
| Authors | ||
| Swilam A. S. Afifi* 1; Tamer A. Rady* 2; Magdy Allam* 3 | ||
| 1Faculty of Graduate Studies and Environmental Research, Ain Shams University | ||
| 2Faculty of Commerce, Ain Shams University | ||
| 3Global Environment Facility (GEF) Consultant | ||
| Abstract | ||
| The study aimed to identify the extent to which the latest African free trade agreement has contributed to achieving development at the level of African countries in general and the Arab Republic of Egypt in particular through the three dimensions of development (economic, social and environmental dimensions). By identifying four main objectives, the first objective: the concept of economic integration and its motives, then finally the good basic pillar necessary to achieve economic success in the African continent and the Arab Republic of Egypt, the second objective is to clarify the stages of establishing and the mechanism for establishing an African free trade area, then a strategic role for the agreement in achieving appropriate economic and environmental integration in Africa and Egypt in particular, the third objective is the most important tasks facing the activation of the African free trade area, the fourth objective is to verify the impact on economic development and African collective action and the interaction of trade with the Arab Republic of Egypt. The creative study includes 40 African countries from the Sub-Saharan Atlas, the technical representative as it includes approximately 80% of the study community, and the sample was determined considering the availability of the necessary data (Osama Abdel Tawab. (2020) and relies on both the International Monetary Fund and the World Bank data specific to the country, in addition to adopting the data of the Central Agency for Public Monetary Fund and Statistics in the data of inter-trade between Egypt. The study reached, regarding the time period, the researcher relied on the period from 2016 to 2022 in light of the latest data published on the regions. The Light team's research contributed to relying on telescopic data regression analysis models, as these correlations were distinguished together between the cross-sectional time series, which contributed to the difference in the study, and it reached the absence of a clear impact in the statistical results of the African Free Trade Agreement on African economic development and there is no significant impact on the exchange of trade data between the Arab Republic of Egypt, while there is a statistically significant impact on both German-European social and environmental development as well as on trade exchange, including the Arab Republic of Egypt. Specialized in this field, the specialized study determines its climate so that member states can begin to maximize the economic and developmental benefits of trade in the Federal Free Trade Area, establish a regulatory structure for free trade independently from the point of view of the private commercial sector (European Business Council), follow an Egyptian production plan according to the needs of commercial countries for specialized products that can provide these countries that are not working to compete with their foreign counterparts and produce them specifically for export to the countries of the African continent., provide an appropriate investment climate to form a real partnership between countries, including and between other African countries, through economic participation in all regions and human structures and its maintenance and implementation. And encourage cooperation between African countries to provide funding to achieve comprehensive development and sustainability in Egypt. | ||
| Keywords | ||
| Macroeconomic integration; European Free Trade Agreement; Comprehensive development | ||
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