August 2, 2025, 00:28:45 (IST)
Economists urge deep structural reforms in Africa alongside tariff relief
Recent tariff relief for African nations is being viewed by economists as a hopeful development, but one that is insufficient on its own to foster sustainable economic progress, as per a report in the Daily Sun. The consensus among analysts is that for countries to fully capitalise on improved market access, such as that offered by programmes like the African Growth and Opportunity Act (AGOA), they must simultaneously pursue deeper, more fundamental internal reforms. These essential reforms extend beyond fiscal policy to include strengthening governance, implementing robust anti-corruption measures, improving institutional capacity, and investing in critical infrastructure. Without addressing these underlying structural issues and non-tariff barriers, the benefits of tariff reductions may prove to be limited and short-lived for the continent’s businesses and overall economy.