Development of Free Trade Zones to Sustain Intermodal Transportation

Abstract: Free Trade Zones has become one of the pillars for economic development for most countries in Europe and most of Asia. This has been the case for a country like China which has witness a super growth because of the policies they adopted that promoted the development of free trade zones in the country and it has contributed immensely its economic development. This paper exploits the potential for economic development that African countries stand to benefit from the Pan-African free trade agreement that was signed by 54 African countries. The study looks at the trend from other developed countries and suggest policy recommendations that would identify legal regimes that can adopt policies that will prevent conflicting interest between political parties so as to create a favourable investment environment for both foreign and local investors. The legal regimes should be able to accommodate different economic situations as they set investment rules and this can be carried out effectively under the guidance of the African Union. Keywords: Free trade zone, economic development, transport corridors, African continental free trade zone, government policies, intermodal transport. Title: Development of Free Trade Zones to Sustain Intermodal Transportation Author: Dr. Che Kingsley Chenikwi, Dr. Eno Cynthia International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) ISSN 2349-7807 Vol. 9, Issue 3, July 2022 - September 2022 Page No: 44-57 Paper Publications Website: www.paperpublications.org Published Date: 04-August-2022 DOI: https://doi.org/10.5281/zenodo.6962386 Paper Download link (Source) https://www.paperpublications.org/upload/book/Development%20of%20Free%20Trade-04082022-3.pdfInternational Journal of Recent Research in Commerce Economics and Management (IJRRCEM), ISSN 2349-7807, Paper Publications, Website: www.paperpublications.or