1945

Trade facilitation and intra-African trade

In recent years, the volume of goods moving across borders and the value of international trade globally have increased exponentially. Yet African countries’ trade with the rest of the world has declined from 10 per cent in 1950 to about 2.5 per cent in 2008. Trade within the African continent also has been meager. Recent data show that on average over the past decades, intra-African trade stands at about 10 to 12per cent. Compared with other world regions, Africa’s trade performance inside its borders needs substantial improvement.

Related Subject(s): International Trade and Finance
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