This project embodies the benefits that good infrastructure and joined-up bureaucracy offer regional trade, both of them generally in short supply. Intra-African trade is well below that of other regions such as Europe (68%), and Asia (59%) despite years of trade facilitation, the existence of a raft of free trade areas and customs unions and high growth in many economies. According to UNCTAD, trade within Africa is of a better quality than its trade with the rest of the world. The spirit of free trade is well represented at public forums across Africa. But we’ve got to do it.”This article is an excerpt from a Brenthurst Foundation report titled The African Continental Free Trade Area: A Pipe Dream or Silver Bullet?

Source: The North Africa Journal May 25, 2021 19:41 UTC