Tuesday, 8 July 2014

The Bogeymen of intra-African Trade

Irrespective of the quantum of goods and services that cross borders within Africa, trade will continually remain a growth mechanism. It creates jobs, reduces poverty, and in the case of Africa, represents the champion who will harness any integration agenda being pursued. Issues on intra-African trade seems to emerge on the docket of every major regional summit, with leaders devoting time and effort to unearth dead-on boulevards around the demurrers of a robust intra-African trade. The economic benefits of trading (some stated earlier) is common knowledge these days; export gains, specialisation and importing resources that are exclusive to other regions … so with all these glaring benefits, one must be wondering what the bogeymen of a wholesome intra-African trade are, because statistics disinter the continent's trade frailties.