Free trade a concept that remains elusive in Africa

March 4, 2016

Last week we looked at visa openness in Africa and concluded that the continent remains largely closed with its citizens requiring visas to travel to 55% of other African countries. This week we take a closer look at free trade in Africa. There are currently 17 trade blocs in Africa, but intra-African trade falls below 10% versus 50% in Asia and 65% in Europe. So why is intra-African trade so low and what can African leaders do to encourage greater trade and integration in Africa?

Read Full Article: Link


Topics: TARIFF LIBERALIZATION ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS) EAST AFRICAN COMMUNITY (EAC) REGIONAL INTEGRATION PROTECTIONISM

Regions: EAST AFRICA WEST AFRICA AFRICA

Authors: ZIMBABWE INDEPENDENT

RTA

In Other News

APEC Leaders Debate Approach to Trade Tensions, WTO Issues at Port Moresby Summit

November 22, 2018

Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual summit this past weekend in Port Moresby, Papua New Guinea, tackling a host of subjects relating to region...READ MORE

EU, South Africa Discuss Options for Closer Economic Ties at Presidential Summit

November 22, 2018

South African leaders met with their European counterparts in Brussels for a presidential summit on 15 November to discuss future opportunities for cooperation, including on economic issues. Discus...READ MORE