Regional economic integration has become the consensus of governments and people in Africa。With many years of brewing the African Continental Free Trade Zone (hereinafter referred to as the "Free Trade Zone") agreement, it officially took effect on May 30, 2019，Africa is expected to form a population covering 1.3 billion people、Economic total amount of 3.4 trillion US dollars in the world's largest free trade zone。

But，At present, Africa's commitment to the implementation of the free trade zone is not ideal enough。Although except Eritria，54 countries in Africa have signed the Free Trade Zone Agreement，But only 30 countries have approved the agreement。The impact of the new crown pneumonia's epidemic is even more officially implemented from the free trade zone agreement from July 2020 to January 2021。in inverse globalization、The Fourth Industrial Revolution、African debt dilemma and other situations，Promoting the construction of the free trade zone is expected to help Africa to respond to economic dumping caused by the epidemic caused by new crown pneumonia，It will also become an important engine for Africa's economic structure transformation and sustainable development，greatly helps Africa's future development。A more open African market means more、greater competition and challenges，The construction of the African Free Trade Zone is challenging development。

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The process of implementing regional economic integration in Africa is relatively slow。For example，African trade integration level is far lower than other regions。2019，Data display released by the United Nations Trade and Development Conference，Africa's internal export volume only accounts bet365 live casino games for 17%of the total exports，far below the level of 59%and 68%in Asia and Europe。

The integrated development difference between the regional economic community restricts the potential effectiveness of the free trade zone。African regional economic community is the basis for Africa to achieve economic integration，It is to maintain regional peace、The important support forces of security and stability，It is also an important executor for Africa to realize the 2063 agenda。Unbalanced development of the existing regional economic community。Among the 8 regional economic communities recognized by the African Union，4 have established a free trade zone，2 has established a tariff alliance。Although the existing regional economic community is allowed in the agreement terms of the free trade zone agreement，But there are still differences in the regional integration system and policy between the two，Among them, the most concerned topic at this stage of "tariff liberalization"。This imbalance and differences are not conducive to the full effectiveness of the free trade zone agreement，It restricts the goal of setting the setting of the free trade zone。

Africa's diversified economy is insufficient，Limit the tolerance development of the free trade zone。African countries' economic structures are relatively single，The economic development status among countries is relatively different，The establishment of the free trade zone has a different impact on African countries。No doubt，African countries with relatively high degree of industrialization can take advantage of the development policy of manufacturing in the free trade zone agreement，Get more room for development。but，The countries that mainly export agricultural products and resource products are difficult to obtain a large growth of product exports through direct tariff reductions，Countries that have just started industrialization will worry about a more open market impact on the local manufacturing Bet365 lotto review industry，There will also be a problem of re -distribution of interests within African countries。Various development agenda launched by Africa in recent years emphasizes the significance of inclusive development，For example, the 2063 agenda。The free trade zone is only more tolerant，can ensure the effective implementation of various agenda。

Traditional financing model is difficult to meet the growing demand for construction funds in the free trade zone。The construction of the African Free Trade Zone requires a lot of capital support。Analysis of Moody's Analysis of Moodyen's Moodyli，African continent ’s annual trade financing gap is large，After the African Free Trade Zone was officially launched，How to solve the trade financing gap is a question worthy of attention。，Infrastructure interconnection in the African Free Trade Zone also faces financing difficulties。According to data from the African Development Bank，Africa requires 130 billion to 170 billion US dollars per year for infrastructure construction，The financing gap is between 67 billion and $ 107 billion。African countries are generally a single problem with financing channels，Great capital gaps and the increasingly severe debt issues of African countries，Make traditional policyability、Promotion、Aid funds cannot adapt to the financing needs of African infrastructure construction under the new situation。

　　Release the potential effect of the free trade zone

Although the implementation of the free trade zone agreement is forced to delay，But the construction of the free trade zone is still steadily advanced in various challenges。Future，African countries should continue to raise political will，Strengthen execution ability。At the same time，African countries should also continuously deepen the coordination of regional economic communities and free trade zones，By improving the regional value chain、Seeking a variety of financial channels to support the tolerance and sustainable development of the free trade zone。

Improve the governance Bet365 lotto review ability of African countries，Strengthen the execution ability of the free trade zone agreement。In the process of promoting economic integration in Africa，There is no lack of strategies and policies with distant vision，But due to the lack of policy coordination，These strategies and policies are often difficult to form a joint force。Chairman of the Non -League Committee Faki mentioned: "We need to evoke the necessary political will，Only can the African Free Trade Zone eventually become reality。"African countries should form a political thinking method that gives priority to sharing economic interests，and transform this political will into actual action，The ability to strengthen implementation and execution protocols。At the same time，Constantly improving national governance capabilities，Make fiscal revenue more diverse，The tax system is more efficient，The distribution of interests is more fair，Provide more possibilities for the coordination of policy communication between the country。

Deepen the internal coordination of regional economic organizations，Give full play to the potential effect of the free trade zone。The successful operation of the African Free Trade Zone is inseparable from regional cooperation。Therefore，Regional economic communities should be developed as a guide，Strengthen products、Trade、System and policy coordination of investment and personnel flow。Based on this，Gradually eliminate institutional differences between the free trade zone and the regional economic community，Incorporate the regional economic community into a unified African free trade zone operation framework。At this stage，System and policy coordination of investment and personnel flow，First of all, we must clarify and integrate the relationship between various protocols and organizations，Forms a unified tariff agreement in the domain，Improve regional resource allocation Bet365 lotto review efficiency。Next，Formulate the corresponding tariff liberalization policy。For example，Through the implementation of tax reform、Improve the fiscal revenue structure，Adjustment costs generated by the integration process such as reduction of tariff liberalization。Last，Carry out unified standards、Optimize the countermeasures of various types of customs services such as customs services，to reduce the compliance cost of commercial enterprises，Promoting the supply chain docking，Promoting the reform of the survival reform of African countries。Report of the World Bank，As far as Africa's internal trade is concerned，The role played by trade facilitation and the feasibility of the present stage is far beyond the tariff reduction method。

Improve the regional value chain，To ensure the tolerance of the economic development of the African mainland。African countries should first study and judge the economic situation at home and abroad and the comparative advantage of their own country，Under the framework of the free trade zone，Through strategic adjustment of trade policies to promote the development of the country's industry。For example，For countries mainly exported by agricultural products and resource products，Can still participate in the industrial chain competition by increasing the added value of primary agricultural products and resource products，and provide convenient measures for the intermediate products and final products of these products，Realize the balance between interests among the country。Next，While adjusting the trade policy，Pay attention to the reform of the domestic industrial structure，Development Finance、Logistics and other related supporting industries。At the same time，Form an internal interactive industrial chain，Promote the development of substantial trade activities between the country and the increase in the total amount of trade。again，The government should bet365 best casino games protect farmers、Women、Youth and other groups' rights and interests，Provide necessary technical and financial support for SMEs，Ensure that the free trade zone welfare benefits the whole people。Last，Introducing the national development strategy that coordinated with the free trade zone，Expand the beneficiary industry and the scope of enterprises，To cultivate local companies with regional and even international competitiveness，Enjoy the development bonus brought by the free trade zone。

Accelerate the construction of diversified financial integration channels，Coordinated to build a free trade zone financing guarantee system。African financial market system is not yet perfect，Low globalization，Stock、Bonds and other direct financing methods are limited。Therefore，Seeking a variety of and sustainable financing channels is important for the construction of the free trade zone。The free trade zone should establish internal and external linkage、Public and private complementary financing mechanism。On the one hand，World Bank and EU organizations have been expressed in "principle"，They will provide the required funds for the realization of the free trade zone agreement。At the same time，Africa should restart the construction of the African Monetary Fund as soon as possible，Reduce dependence on external economic assistance，Stable African Financial Market。On the other hand，While making full use of government financial funds，Africa should actively excavate the power of private capital at home and abroad，Strengthen the cooperation between private capital and African government。，Continuously innovate financing model，In -depth understanding of the trade and financing obstacles of African SMEs，Use digital technology and other means to develop emerging financial services，Improve the financial market function。

　　(This article is the "social network embedding、Research on the Research Research on the Research Research on the Legal Spreading Mechanism of Overseas Management of Corporate "(LQ20G020012)、The General Project of Zhejiang Provincial Department of Education "Evaluation and Prevention and Control Research on Overseas Investment Social Responsibility Based on Project Perspective" (Y201840678) phased results)

(Author Unit: School of Economics and Management of Zhejiang Normal University、China -Africa International Business School)