African Countries Trade Agreements

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Paul Brenton is a leading economist in the World Bank`s Trade and Regional Integration Unit (ETIRI). It focuses on analytical and operational work in the area of trade and regional integration. Although AGOA has been extended twice, the last time until 2025, it has been threatened over the past four years due to tariffs on major steel and aluminum products and the suspension of duty-free access to clothing imports from Rwanda. Any further disruption to AGOA could devastate the region, particularly in the medium and long term, as economies seek to recover from the effects of COVID-19. Related Content Focus on Africa The United States and Kenya are entering into a free trade agreement. Will they succeed? Witney Schneidman and Brionne Dawson Wednesday, July 29, 2020 Future Development Two ASEAN lessons for regional integration in Africa Souleymane Coulibaly Wednesday, 29 July 2020 Africa focuses on trade in times of uncertainty: prioritizing regional value chains over global value chains to accelerate economic development in East Africa Andrew Mold and Anthony Mveyange Wednesday, April 15, 2020 One of the great benefits for the AfCFTA region will be the blocking of trade barriers between Kenya and Ethiopia – the two largest economies – the two largest economies The two largest economies – the two largest economies – the two largest economies – the two largest , the two largest, the two largest economies, the two largest, the two largest, the two largest, the two largest, the two largest economies – the two largest economies – the two largest economies – the two largest economies – the two largest economies – the two largest economies – the two largest economies , the two largest economies – the two largest economies – the two largest economies – the two largest economies – the two largest economies – the two largest economies – the trade barriers between Kenya and Ethiopia – the two largest economies – the two largest economies – the two largest economies – the two largest , the two largest economies – the two largest economies – the two largest economies, the two largest economies – the two largest economies, the two largest economies, the two largest economies — the two largest economies – the two largest economies – the two largest economies in East Africa. Despite previous efforts to deepen economic relations, the volume of bilateral trade between the two remains extremely low. Bilateral trade did not reach $70 million in 2019, representing only 0.5% of Ethiopia`s total exports and 0.09% of Kenya`s exports, mainly consisting of food, live animals and certain industrial products (Table 1). The free trade area will not affect the « good work » of Africa`s regional economic communities, even by facilitating the liberalization and integration of regional trade in Africa, Songwe says. Instead, it will allow high-integration regional economic blocs to maintain such a high level. Albert Muchanga, Commissioner for Trade and Industry, told Africa Renewal that the African Free Trade Agreement will not be a traditional trade agreement focused on tariff reduction. Instead, the Kigali agreement aims to liberalize the services sector. Maria Filipa Seara e Pereira advises the World Bank in the Trade Regional Integration Unit (ETIRI).

It focuses on international trade and international development issues, including modelling, trade policy, trade distribution effects and global value chains. Given that the global economy is booming due to the COVID 19 pandemic, the creation of AfCFTA`s huge regional market is a great opportunity to help African countries diversify their exports, accelerate growth and attract foreign direct investment. Israel Osorio Rodarte is an economist in the Department of Trade and Regional Integration at the World Bank. He has more than 10 years of experience

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