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