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. Intra-African trade is, however, underexploited, owing to high Sub-Saharan Africa is one of the fastest growing regions in the world. Average per cent share of import sources for the Office of Public Affairs, Global Markets 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. She further emphasized the need for a new paradigm in the agricultural transformation agenda for Africa. Importing and Exporting Compani, 2012, Office of the Legislative and   Intergovernmental Affairs Nonetheless, analysts are confident that Africa is marching forward, citing the CFTA plus other developments as notable indications. Even though Africa’s trade with the world has improved, trade within African remains low. 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. Office of Legislative and The probable largest free trade area agreement, African Continental Free Trade Agreement (AfCFTA) has been tipped to be a huge game changer for the intra-African trade share. 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”. One reason is lack of access to trade and market information. The trade dimension includes the intra-regional exports share and intra-regional imports share as a percentage of GDP. It enhances interdependencies and promotes cooperation and stability.   Intergovernmental Affairs, Trade Agreements Negotiations and Compliance, U.S. Department of Commerce, Sub-Saharan Africa is one of the fastest growing regions in the world. Industry Analysis 2011: 2012: SECTION_EN \ FLOW : Total Export: I:IMPORT: Total Export: I:IMPORT: Total Export: 01:Live animal, animal products 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. Its average GDP growth of 5.2 percent consistently outpaces that of the rest of the world. Companies exporting to Africa* by number of employees, * Data include U.S. exporters to all African countries. the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. 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. 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. This agreement stemmed from the organizations’ shared goals and vision of promoting sustainable agricultural value chain development and harnessing mutual market opportunities on the continent. • Night light data suggest that barriers to trade from border impediments have fallen over the past 20 years. Chart III.3World trade in commercial services by s… This site contains PDF documents. 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. World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. Africa trade Statistics . These partners will be associated to the project activities and will be invited to participate at their own costs. The United States’ trade with Mexico and Canada was worth about the same amount (US$1.12 trillion). Some experts argue that a big chunk of the continent’s trade is conducted informally and at times across porous borders. Table III.3Intra- and inter-regional merchandise trade, 1999 (file size 68KB) 1. Chart III.2Volume of world merchandise trade by selected region, 1992-99 (file size 78KB) 1. FAO’s renewed partnership and technical cooperation with the African Union. Intra-African trade is dominated by a handful of countries, selling a handful of products. Extra African trade makes up more than 80% of the total trade. The report highlights that Africa has the potential to do more, noting that its contribution to global trade remains marginal at 2.6 per cent, up from 2.4 percent in 2017, and that, while intra-African trade rose to 16 per cent in 2018 from 5 percent in 1980, it remains low compared to intra-regional trade … Speaking during the TCP signing at the FAO Regional Office for Africa Accra, Ghana, the African Union Commissioner for Agriculture and Rural Development, Josefa Sacko, commended FAO for its support and long-standing partnership in providing the lead role in ending hunger on the continent. 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. (U.S. Census Bureau. The volume of extra exports and extra imports are similar: on average 450 billion USD for exports and 490 billion USD for imports. Africa’s intraregional trade lies well below that of other regions. 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$1.16 trillion.             Merchandise, Table 7. This makes greater African trade integration central to our own goal of ending poverty by 2030, and to the aspirations of African governments and communities. The project will focus on building capacity of regional institutions and senior government officials to address policy, technical and investment constraints with a view to boosting intra-African trade in agricultural commodities and services. Enforcement and Compliance, Competitiveness Table III.1World merchandise exports by region, 1999 (file size 86KB) 1. Not everybody agrees intra-Africa trade is that low. It was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. Intra-regional trade was most pronounced in Europe. FAO and the African Union have both worked on diversified programmes, especially in the areas of building capacities to strengthen the implementation of national policies, strategies, and regulatory frameworks and investments. Real Figures, Value of U.S. Exports to sub-Saharan Africa ($ billions): But despite this head start, intra-African trade links are pitifully weak. 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.”. Documents listed here are downloadable in MS Excel format. 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. The International Trade Administration, U.S. ), 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). The International Monetary Fund predicts that this growth will only accelerate—reaching around 5.5 percent for both 2014 and 2015. 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. 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. Trade fosters linkages beyond mere exchanges of goods. 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 In fact, the United Nations Economic Commission for Africa found the costs of NTBs in 2010 were higher than the costs of tariffs. (“. Trade growth could then rebound to 3.0% in 2020; however, this is dependent on an easing of trade tensions. FAO’s TCP projects respond to a priority request for technical assistance, accompanied by information on the nature of the problem, the relevant policy and legislative framework, the activities already undertaken to resolve it and foreseen follow-up. 1. Although agricultural intra-African exports rose from $2 billion in 2000 to $13.7 billion in 2013, they remain relatively modest and often informal. 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. A PDF reader is available from Adobe Systems Incorporated. Intra-Africa trade profile for 2018. (, 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. 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. Industry and Analysis 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. 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. WTO economists expect merchandise trade volume growth to fall to 2.6% in 2019 — down from 3.0% in 2018. This collaboration aims at meeting the Malabo Commitment of accelerated agricultural growth and transformation for shared prosperity and improved livelihoods. 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-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 … 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. Chart III.1Value of world merchandise trade by region, 1992-99 (file size 101KB) 1. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening sites should not be construed as an endorsement of the views or privacy policies contained therein. This will all contribute to an increased capacity at country level to develop projects and programmes targeting trade facilitation. Intra-Africa trade is at 12 per cent compared to 63 % in Europe and elsewhere but this has to change,” she said. Africa’s total trade has grown rapidly in value since around 2002, and has nearly doubled in the five years from 2009 to 2014. Table III.2World merchandise imports by region, 1999 (file size 64KB) 1. • Eliminating today’s applied bilateral tariffs would increase intra-Africa trade by up to 15 percent, but only if rules of origin are simple and transparent. The removal of tariffs on goods in particular is projected to increase the value of intra-African trade by 15 to 25 percent by 2040. Statistics Intra-Africa exports accounted for 20% of Zambia’s total exports and imports for 52.6% of total imports for 2018. External links to other Internet Intra-African trade is relatively limited; UNCTAD, the main UN body dealing with trade, said it made up only 10.2 percent of the continent’s total trade in 2010. 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. 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. The main player in Intra African trade is South Africa, with a share in intra exports which varies from 27 to 30% over the period of 7 years. Office of the Under Secretary Intra-regional trade has particular potential to facilitate increased economies of scale, diversification and value addition. “Despite the impressive Gross Domestic Product growth rates experienced on the continent in recent years, Africa remains a marginal player in both domestic and world trade. It includes the share of intra-regional goods trade as a percentage of total regional trade. Furthermore, the major sources of imports to Africa lie outside the continent. 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.. 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. 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 . 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. IATF is proudly supported by the following partners Today, intra-African trade is only 16% of total African trade. Regional Office for Europe and Central Asia, Regional Office for Latin America and the Caribbean, Regional Office for the Near East and North Africa. Evolution of ECOWAS trade flows in USD . Trade Stats Express, World GDP Growth vs. Sub-Saharan Africa GDP Growth (%) Further, SMEs contributed nearly 40 percent of the total value of goods exports to Africa in 2012. Its average GDP growth of 5.2 percent consistently outpaces that of the rest of the world. The African Continental Free Trade Area (AfCFTA) is a free trade area which, as of 2018, includes 28 countries. 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