Africa Beyond the Doha Round of Trade Negotiations, 15 May 2006, Ouagadougou
- Dr. Louis Kasekende, ADB Chief Economist
- Prof. Olu Ajakaiye, Director of Research, African Economic Research Consortium (AERG), Kenya
- Prof. Adenda Oyejide, Professor of Economics, University of Ibadan, Nigeria
- Mr. Joseph Setipa, Adviser, Office of the DG of WTO, representing the DG, Mr. Pascal Lamy
- Mr. James Musoni, Minister of Finance and Economic Planning, Rwanda
The seminar focused on the current state of play of the Doha round of trade negotiations and the challenges these may pose for African countries in the post-Doha era. The general consensus from the discussions is that will have difficulties in benefiting from the international trade system unless current supply-side constraints on the continent are addressed adequately. This calls for coordinated actions for promoting required policies that would boost production and productivity in order to promote intra-African trade.
African countries are also likely to face adjustment costs arising from implementation of the Doha Round agreements. These countries must be assisted to cope with these costs of adjustments and the "aid-for-trade" initiative of the WTO should be used effectively to address these issues. The emergence of China and India in the global economy will also have important implications for Africa. African countries should therefore seize these emerging opportunities whilst at the same time and to minimize the potential threats, reported Mr. Mohamed Salisu, principal research Economist responsible for trade issues, PDRE.1.