Africa’s GDP and its internal trade expanded fourfold over the past two decades, according to the report, which suggests that that intra-African trade is more resilient than exchanges with other regions of the world, largely because manufactured goods are less susceptible to price shocks which affect primary products that constitute over 50% of trade between the continent and other countries. The low level of intra-African trade represents a significant loss of opportunity. Log in | Register Cart. The implementation of the African Continental Free Trade Area (AfCFTA) will significantly boost intra-African trade within the next 10 years. By Mary-Ann Russon Business reporter, BBC News. Scientific African is a peer reviewed, open access, inter- and multidisciplinary scientific journal that is dedicated to expanding access to African research, increasing intra-African scientific collaboration, and building academic research capacity in Africa. By. Read the latest issue and learn how to publish your work in The International Trade Journal. remix, transform and build upon the material) on the condition that proper attribution is given (i.e. The Wall Street Journal. If only. Trade costs are higher in Africa than in other regions. The Afreximbank has released its report on trade and economic developments in Africa in 2019, a year dominated by trade wars and escalating tariffs that resulted in a sharp deceleration of global trade growth.In its annual African Trade Report (ATR) released yesterday in Egypt, Afreximbank said that the report examined trade and economic developments in […] The African lion is in decline across its range, and consumptive utilisation and trade of their body parts and skins has been postulated as a cause for concern. raise intra-African trade by 15 to 25 percent, or $50 billion to $70 billion, by 2040, compared to an Africa without the AfCFTA. In March 2018, most African heads of state gathered in Kigali to sign the African Continental Free Trade Agreement (AfCFTA), marking the culmination of intense negotiations. The African Continental Free Trade Area’s (AfCFTA) entering into force is a laudable development, building on existing initiatives for regional integration and laying the groundwork for more. Published. Biography Dan Keeler … Intra-industry trade is difficult to measure statistically because regarding products or industries as "the same" is partly a matter of definition and classification. Trade and Industry Minister, Alan Kyeremanten has said the implementation of the African Continental Free Trade Area (AfCFTA) will increase Africa’s intra trade volumes by US$35 billion per annum. Its fractured internal market means that trade within Africa is lower than for any other region on the globe, with intra-African trade just 18 per cent of overall exports, as compared to 70 per cent in Europe. Abstract. Indexed African Journals Online: www.ajol.info An International Multi-Disciplinary Journal, Ethiopia Vol. David Hundeyin Dec 11, 2020. This paper examines the effects of easing trade across borders – through reductions in documents, time, and costs to export and import – on food security outcomes in Africa. By Virusha Subban Nov 26, 2019. Movement from political will to policy action as far as improving regional cooperation is ongoing but remains slow to materialize. The Brookings Institution notes that when African nations trade with each other, they’re much more likely to trade in higher-value manufactured goods, whereas the exports leaving the continent are typically in commodities. Regional integration arrangements have proliferated across Africa over the last 40 years. While such efforts – most notably the African Continental Free Trade Area (AfCFTA) – have the potential to spur growth and development, their impact depends both on complementary global reforms and on countries’ implementation of WTO agreements. Analysing Intra-African Trade: AFCFTA: Much Ado About Nothing? Dan Keeler. Consider Africa, which has been working hard lately to deepen intra-continental trade and integration. Only about 18% of Africa’s trade is with itself. African Journal of International and Comparative Law / List of Issues / Volume 23, Issue 1 / The Last Frontier: Sanitary and Phytosanitary Standards and Technical Regulations as Non-Tariff Barriers in Intra-African Trade In March 2018, most African heads of state gathered in Kigali to sign the African Continental Free Trade Agreement (AfCFTA), marking the culmination of intense negotiations. Intra-African trade? Using panel data covering 2012 to 2016 for 20 African economies, ACI was regressed on a 7-variable model, including intra-regional imports and exports, inflation rate, nominal exchange rate, gross capital formation, and the growth rate of GDP. African Competitiveness Index (ACI) ranking puts the East Africa Region on top, and South Africa as the most competitive African economy. Share this article: ... represent a third of the total trade flow in Africa. How intra-African trade is progressing amid the pandemic. 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