Intra ecowas trade statistics by country
Many countries in the developed world have focused their efforts and resources inwards as a result of challenging economic times. This is especially dangerous for Africa given its growing integration with the global economy in recent years. In order to mitigate this, Africa must take steps to secure its own share of global economic growth. In addition, we must be able to sustain the economic growth of Africa ourselves.
If Africa is going to capitalize on intra ecowas trade statistics by country base, it needs to work together on its shared future. While the rest of the world becomes increasingly fractured and disparate, it is time for Africa to create ways to better integrate its fragmented markets which have long constrained growth and acted as barriers to trade. These regional trading corridors cannot work in isolation but must be scalable to improve connectivity across the African continent.
It is estimated that the implementation of the CFTA will nearly double intra-African trade by early next decade. This includes harmonizing development and economic policies, regulation, market structure and governance, along with their implementation.
Any regional initiative will need to be accompanied by huge investments in cross-border infrastructure. If we are looking to the rest of the world to show faith in the African growth story, then as Africans ourselves, we must demonstrate our own commitment.
South Africa is in the unique position of holding membership to several multilateral fora. As we take over the BRICS presidency for and as the only permanent African member of the G20, it is our responsibility to champion the case for Africa and its agenda by being at the nexus of discussions with our international counterparts. South Africa must continue to cultivate its intra ecowas trade statistics by country in facilitating positive changes for Africa as this is where our own long-term economic success intra ecowas trade statistics by country.
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Ethiopia is Africa's fastest-growing economy Alex Gray 04 May Africa has a new free trade area.
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