A new report from the World Bank highlights wide-spread opportunities for African countries to trade goods, services and investments across borders.
- The African market remains highly fragmented; preventing enormous opportunities for cross-border trade from being exploited and in turn generating new jobs.
- Effective regional integration is more than simply removing tariffs—it is about addressing the barriers that undermine the daily operations of ordinary producers and traders of both goods and services.
- The incidence of barriers to regional trade fall most heavily, and disproportionately, on the poor and on women, and is preventing them from earning a living in activities where they have a comparative advantage—catering for smaller, local markets across the border.
- Action is required at both the supra-national and national levels. Regional communities can provide the framework for reform but responsibility for implementation lies with each member country.
- The donor community can help countries understand the political economy resistance that lies behind the fact that despite public pledges for integration, actual barriers to trade remain in place.
Full Report http://siteresources.worldbank.org/INTAFRICA/Resources/Defrag_Afr_English_web_version.pdf
Read More Here http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/0,,contentMDK:23092452~pagePK:146736~piPK:226340~theSitePK:258644,00.html