Industrialisation and Trade Corner
Harnessing productive sectors’ through value chains to enhance intra-African trade and regional integration
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
Following the US-Africa Leaders’ Summit held in August 2014, the African Development Bank has been scaling up assistance to promote US-Africa trade and investment as a means to enhance African integration into the global economy. Through grant-funding provided under the Africa Trade Fund (AfTra), the Bank is supporting the African Union Mission to the USA and African Diplomatic Corps on US-Africa trade and investment issues. Integrating Africa blog editors Calvin Manduna and Olumide Abimbola sat down with Zenia Lewis, a US-Africa trade expert who is coordinating the Bank’s efforts within the AU Mission to the USA, to discuss current and future developments expected under the project in Washington, DC.
The adoption of the Bali Package on December 7, 2013 generated no small amount of euphoria among trade officials that gathered at the 9th Ministerial of the World Trade Organization (WTO). The WTO claims that the deal will generate between $400 billion and $1 trillion in global trade. But with dust settling from the Ministerial meeting, we briefly examine here what the Bali Package really means for Africa in the area of trade facilitation – which lies at the heart of what was agreed.
According to a recent survey by Ernst & Young, 44% of businesspeople in Africa identified inadequate infrastructure as one of the key constraints to doing business in the region. This means that as Africa continues to grow in the next two decades, infrastructure development must top the investment agenda.
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