Africa’s Trade and Economic Organisations

Highlights:

  • With 16 landlocked countries, Africa is more fragmented than any other continent.
  • A borderless Africa can bring a competitive continental market, offer economies of scale for investors, create bigger markets with new opportunities to grow and eliminate monopoly positions.
  • COMESA, EAC, ECCAS, ECOWAS and SADC, have reached free trade area status but EAC is the only fully operational customs union in Africa.

Source: African Economic Outlook 2019, Africa Development Bank, Page 77. Read More 

 

 

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