Welcome to the Monitor Daily. Today's lineup includes a new legal challenge to “Obamacare,” the view from inside an abortion clinic, the quandary of immigration in a depopulating Japan, empowerment in Kenya, and a model of hope in the opioid crisis.
But first, at a time when a lot of the news in global economics is about and risks of trade war, here’s something completely different. It’s about Africa coming together – and it’s about the relevance of open trade as a lever of progress, even when globalization has .
This week marks the formal launch of the African Continental Free Trade Agreement, which ultimately promises a free-trade zone for 1.2 billion people in more than 50 nations. Already, it represents transformed attitudes for many countries.
“We are creating a new Africa. The Africa of dependence, we are putting it behind us.” That’s by Albert Muchanga, African Union commissioner for the Department of Trade and Industry.
African nations currently have a very low rate of trade with one another. Most exports remain raw materials like oil and minerals.Freer trade won’t be a panacea for development challenges that range from poor infrastructure to corruption. But a key holdout nation, Nigeria, has signed on alongside smaller nations in the hope of developing the continent both from within and through external trade.
“When you do agro-processing Africa is going to transform itself from a net importer of food to a net exporter of food,” Mr. Muchanga predicts. He says, “It’s a cultural mindset that this is impossible. Nelson Mandela said, ‘It seems impossible until it’s done.’”
Also, before today’s stories, a quick promo: The Monitor is following the sex-trafficking allegations against multimillionaire Jeffrey Epstein, and the pressure on Labor Secretary Alex Acosta to resign over his handling of those allegations in his past career as a U.S. attorney. Stay tuned for our coverage.