Foreword

Intra-African trade is one of the important activities to achieve regional integration and accelerate sustainable economic growth in Africa. It enhances movements of goods and services to merge economies and pool capacities, endowments, and energies. It increases competition in the local market, which in turn increases productive efficiency and price convergence across countries and regions. It promotes the transmission of technological innovation and the creation of enhanced capacity to compete with more advanced economies on the international market. It also creates incentives for governments to adopt less distortionary domestic policies and more disciplined macroeconomic management.

Related Subject(s): International Trade and Finance