African free trade area by 2017?

African leaders are now calling for a continental free trade area, a measure which is backed by a new World Bank report which shows that African countries are losing out on billions of dollars in potential trade earnings due to high trade barriers with neighbouring countries. The Bank found that it is easier for Africa to trade with the rest … Continue reading

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New free trade area to be set up in Southern Africa

Three of Africa’s key trade blocs are currently in talks concerning a merger. These blocs are the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), and the East African Community (EAC), and are currently negotiating to form the Tripartite Free Trade Area (TFRA). According to the World Bank, trade amongst countries in sub-Saharan Africa … Continue reading

Posted by Nigel Tree | Comments Off on New free trade area to be set up in Southern Africa