Issues arising from pooling resources and integrating economies
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
Patrick Kanyimbo is a Principal Regional Integration Expert within the Regional Integration and Trade Division of the African Development Bank. He previously worked as Trade Policy Adviser (Min of Trade & Industry, Trinidad & Tobago) under the Commonwealth Secretariat/EU “Hub and Spokes” Programme. He studied Economics and Industrial Strategy and Trade Policy at the University of Malawi and the Manchester (UK). His work at the African Development Bank focuses on trade capacity building, trade facilitation and value chains.
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.