Friday, 9 August 2013

How to enhance Africa’s competitiveness?

Intra-regional formal trade in Africa has historically hovered around 10% to 12%, although this could be much higher. These figures do not take into account statistical deficiencies and informal trade. Still, trade within regional economic communities is growing faster than African exports to the rest of Africa, and to the rest of the world. The Common Market for Eastern and Southern Africa alone has increased its intra-African trade almost fivefold since it launched its free-trade agreement in 2000. Southern African Development Community trade grew more than threefold and East African Community trade grew more than twofold.
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