1 / 14

Progress on Intra-African Trade June, 2011

Progress on Intra-African Trade June, 2011. Presentation By. Emmanuel J. Chinyama ECA. 7 th Session of the Committee on Trade, Regional Cooperation and Integration 2 - 3 June 2011 Addis Ababa, Ethiopia. Outline of the Presentation. Introduction

shad-stephenson
Download Presentation

Progress on Intra-African Trade June, 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Progress on Intra-African Trade June, 2011 Presentation By • Emmanuel J. Chinyama • ECA 7th Session of the Committee on Trade, Regional Cooperation and Integration 2 - 3 June 2011 Addis Ababa, Ethiopia

  2. Outline of the Presentation • Introduction • Direction of Africa’s trade with major trading partners • Direction of trade within African regions • Trade performance by countries • Intra-African trade potentials • Challenges of Intra-African trade • Conclusion and policy recommendations

  3. Introduction • The significance of trade to economic growth. • Regional Integration will strengthen Africa’s economic independence and empowerment with respect to the rest of the world. • The role of regional integration in promoting trade in Africa. • Focus of the presentation.

  4. Direction of Africa’s trade with major Trading Partners (exports)

  5. Share of Import Sources (2000-2007)

  6. Intra REC-Trade (% Growth)

  7. Intra-Africa Trade (% Growth)

  8. Intra-African trade potentials Africa trades more with the rest of the world than it does with itself. Rich endowments among African countries Africa has a large population of about one billion people. Reforms which are key to boost trade. Diversification of finished products.

  9. Intra-African trade potential Effective implementation of decisions agreed at continental level. Increased demand by the emerging economies such as China, India, Brazil, and others. Rich fertile soil for agricultural production.

  10. Challenges Limiting the Potential of Intra-African Trade Lack of diversification and competitiveness. The nature of African economies. Weak trade-related infrastructure. Multiplicity and inconvertibility of currencies. Delays at customs which, on average, are longer than in the rest of the world. A large proportion of African landlocked countries.

  11. Challenges Limiting the Potential of Intra-African Trade Weak Infrastructure Share of paved roads in Africa by Sub-regions

  12. Conclusion There is a potential for intra-Africa trade to improve. There is need to address the supply constraints in order to make Africa’s products competitive; There is need to accelerate trade reforms, including exports diversification; Deepening of regional integration and accelerating intra-Africa trade will need strong commitmenst from the Member States.

  13. Conclusion High trade costs prevent many African countries to the full realization of gains from the globalization. Members States should continue their reforms including export diversification.

  14. THANK YOU FOR YOUR ATTENTION

More Related