To end extreme poverty, policies to increase the contribution of intra-regional trade to growth will need to be matched with a new effort to maximize the gains of trade for the poorest. FAO and the African Union have both worked on diversified programmes, especially in the areas of building capacities to strengthen the implementation of national policies, strategies, and regulatory frameworks and investments. Some experts argue that a big chunk of the continent’s trade is conducted informally and at times across porous borders. 29 March 2019, Accra – The outlook of trade in the sector of agricultural commodities in Africa received an upward traction as the Food and Agriculture Organization of the United Nations (FAO) and the African Union Commission (AUC) signed a Technical Cooperation Project (TCP) agreement to boost intra-African trade..             Merchandise, Table 7. These partners will be associated to the project activities and will be invited to participate at their own costs. Jonathan Eze who is in Cairo, Egypt, for the maiden edition of the Intra-African Trade Fair and Exhibition, writes on the importance of promoting trade among countries in the continent Regional Office for Europe and Central Asia, Regional Office for Latin America and the Caribbean, Regional Office for the Near East and North Africa. Furthermore, the major sources of imports to Africa lie outside the continent. This collaboration aims at meeting the Malabo Commitment of accelerated agricultural growth and transformation for shared prosperity and improved livelihoods. Trade fosters linkages beyond mere exchanges of goods. 2011: 2012: SECTION_EN \ FLOW : Total Export: I:IMPORT: Total Export: I:IMPORT: Total Export: 01:Live animal, animal products It was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. Tweets about #DBIA, OR #AGOA, OR #AfricaSummit, OR #PowerAfrica, OR #USAfricaBizForum, OR #USAfrica, OR #TradeWinds15 from:tradegov, OR from:exportgov, OR from:commercegov, OR from:opicgov, OR from:ustda, OR from:MCCgov, OR from:USDAForeignAg, OR from:PennyPritzker, OR from:BizUSA, OR from:usbiashara, OR from:USAID, OR from:USTradeRep, OR from:USEmbassySA, OR from:USEmbassyGhana, OR from:USEmbassyAbuja, OR from:USEmbassyAddis, OR from:USEmbassyMaputo, OR from:USEmbassyTZ, Regional Economic Outlook: Sub-Saharan Africa, Profile of U.S. Documents listed here are downloadable in MS Excel format. Evolution of ECOWAS trade flows in USD . (U.S. Census Bureau. The International Monetary Fund predicts that this growth will only accelerate—reaching around 5.5 percent … The International Trade Administration, U.S. IATF is proudly supported by the following partners Today, intra-African trade is only 16% of total African trade. Importing and Exporting Compani, 2012, Office of the Legislative and Chart III.3World trade in commercial services by s… Industry and Analysis   Intergovernmental Affairs Intra-African exports were 16.6% of total exports in 2017, compared with 68.1% in Europe, 59.4% in Asia, 55.0% in America and 7.0% in Oceania. On his part, the FAO Assistant Director-General and Regional Representative for Africa, Abebe Haile-Gabriel, said: “For the continent to meet the Malabo Commitment, FAO will continue to play the pivotal role of promoting agricultural markets and trade, mostly by targeting the primary stakeholders such as the farmers, agro-food processors and the rural youths in agriculture.”. The project also aims at strengthening the capacity of major donors and financial institutions operating in the region to enable them to incorporate trade-related strategies and activities within their programme frameworks in a systematic manner. The volume of extra exports and extra imports are similar: on average 450 billion USD for exports and 490 billion USD for imports. 1. Extra African trade makes up more than 80% of the total trade. Africa’s intraregional trade lies well below that of other regions. Synopsis of Africa’s trade direction and composition over the last decade Giving a sense of the level of intra-African trade Table 1 presents the major sources of Africa’s imports and their percentage shares. In fact, the United Nations Economic Commission for Africa found the costs of NTBs in 2010 were higher than the costs of tariffs. Companies exporting to Africa* by number of employees, * Data include U.S. exporters to all African countries. In 2014, manufactured goods accounted for 41.9% of intra-African exports, compared with only 14.8% of Africa’s exports to outside the continent. Intra-Africa trade is at 12 per cent compared to 63 % in Europe and elsewhere but this has to change,” she said. Nonetheless, analysts are confident that Africa is marching forward, citing the CFTA plus other developments as notable indications. Its average GDP growth of 5.2 percent consistently outpaces that of the rest of the world. In 2018, Zambia exported and imported goods to and from the rest of Africa to the value of US$1.81 billion and US$4.9 billion, respectively. Statistics In light of FAO’s vision of playing the lead role toward achieving the Sustainable Development Goals (SDGs) on the continent and working for Zero Hunger, the Organization has over the years partnered with the AUC, especially through the Department of Rural Economy and Agriculture (DREA) in promoting inclusive and efficient agricultural systems. Intra-African trade needs to be accelerated within the African Continental Free Trade Area if the continent is to compete effectively in the global economy, and … The United States’ trade with Mexico and Canada was worth about the same amount (US$1.12 trillion). • Night light data suggest that barriers to trade from border impediments have fallen over the past 20 years.   Intergovernmental Affairs, Trade Agreements Negotiations and Compliance, U.S. WTO economists expect merchandise trade volume growth to fall to 2.6% in 2019 — down from 3.0% in 2018. Intra-Africa exports accounted for 20% of Zambia’s total exports and imports for 52.6% of total imports for 2018. Not everybody agrees intra-Africa trade is that low. Office of the Under Secretary the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. This will all contribute to an increased capacity at country level to develop projects and programmes targeting trade facilitation. Intra-African trade is, however, underexploited, owing to high Merchandise exports to sub-Saharan Africa increased to nearly $24 billion in 2013, narrowing the U.S. trade deficit with sub-Saharan Africa to its smallest margin since 2002. It includes the share of intra-regional goods trade as a percentage of total regional trade. The African Continental Free Trade Area (AfCFTA) is a free trade area which, as of 2018, includes 28 countries. The free-trade area is the largest in the world in terms of the number of participating countries since the formation of the World Trade Organization. 29 March 2019, Accra – The outlook of trade in the sector of agricultural commodities in Africa received an upward traction as the Food and Agriculture Organization of the United Nations (FAO) and the African Union Commission (AUC) signed a Technical Cooperation Project (TCP) agreement to boost intra-African trade. To address this challenge, Afreximbank decided to, among other initiatives, convene the IATF every two years to provide trade and market information and to connect buyers and sellers from across the continent. Office of Legislative and (, The past decade saw the largest increase in value of U.S. exports to sub-Saharan Africa in history; U.S. goods exports have increased by 303 percent since 2000, or 11.3 percent annually. Even though the intra-African exports in total merchandise exports in the continent rose to 17.7% in 2015 from 12.4% in 1995, it was still low compared with 58% in developing nations, 60% in Asia, 61.6% in the EU (28), and 51% in America . This makes greater African trade integration central to our own goal of ending poverty by 2030, and to the aspirations of African governments and communities. This site contains PDF documents. FAO’s renewed partnership and technical cooperation with the African Union. According to the Commissioner, Africa “must begin to progress from the highly diversified system and subsistence-oriented practices to a more market-centred approach to trigger economic growth”. Empowering women in informal cross border trading has a positive multiplier effect on poverty reduction, economic growth, government revenues and employment creation, among other factors. Even though Africa’s trade with the world has improved, trade within African remains low. ), More than 30,000 U.S. businesses exported to the African continent in 2012, of which 92 percent were small- and medium-sized businesses (SMEs). External links to other Internet 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. Intra-African trade is dominated by a handful of countries, selling a handful of products. Trade Stats Express, World GDP Growth vs. Sub-Saharan Africa GDP Growth (%) In Africa, for instance, the contribution of women informal traders to national GDP amounts to 64 percent of value added in trade in Benin, 46 percent in Mali and 41 percent in Chad. One reason is lack of access to trade and market information. Given that for extra-EU partners as a whole the terms of trade fell by 11.9 percentage points between 2002 ... Norway, South Africa, Argentina, Brazil, Ukraine, Russia, Australia; Nigeria and Saudi Arabia. Table III.3Intra- and inter-regional merchandise trade, 1999 (file size 68KB) 1. She observed that 49 countries have ratified to AFCFTA with 11 countries that have ratified while it requires 22 countries to ratify and enter into force in March 2019. Sub-Saharan Africa is one of the fastest growing regions in the world. However, intra-African trade as a proportion of the continent’s overall trading activities has been slower to climb, going from around 10% in 2002 to 13% in 2014. The trade dimension includes the intra-regional exports share and intra-regional imports share as a percentage of GDP. The signing of the African Continental Free Trade Area agreement provides an opportunity to accelerate growth and sustainable development by increasing trade, including trade in agricultural products. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening Unfortunately, Africa currently has the lowest percentage of intra-regional trade in the world at 18%, compared with 70% in Europe, 55% in North America, 45% in Asia, and 35% in Latin America. Although agricultural intra-African exports rose from $2 billion in 2000 to $13.7 billion in 2013, they remain relatively modest and often informal. The continent accounts for only 2.8 percent of world trade in goods, despite an increase in Africa’s trade in the world to USD 907 billion in 2017”, Haile-Gabriel added. Intra-regional trade has particular potential to facilitate increased economies of scale, diversification and value addition. China’s trade – exports and imports – with Hong Kong Special Administrative Region (SAR), Japan, Taiwan Province of China, and the Republic of Korea totalled US$1.16 trillion. 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