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Study finds ways to boost Intra-African trade and build resilience
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Study finds ways to boost Intra-African trade and build resilience
capitalethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalethiopia.com Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic continues to dramatically affect economies globally, and those in Africa even more so. The pandemic halted production on the continent and also significantly reduced trade among countries.
This has left African economies in danger of even further marginalisation as a result of the economic damage that is being inflicted on their developing economies.
The World Economic Forum (WEF) – in collaboration with Deloitte – released its white paper titled Connecting Countries and Cities for Regional Value Chain Integration, Operationalising the AfCFTA (African Continental Free Trade Area) this month in which it emphasised that the implementation of lockdowns by many states has seriously affected supply chains.
Study finds ways to boost Intra-African trade and build resilience
On 1 January 2021, the African Union launched the Africa Continental Free Trade Area (AfCFTA), the world’s biggest free trade area and Africa’s most ambitious and recent effort to liberalize trade. The World Economic Forum’s Connecting Countries and Cities for Regional Value Chain Integration – Operationalizing the African Continental Free Trade Area (AfCFTA) released this week analyses the impact that COVID-19 has had on Africa’s supply chains.
Developed by the World Economic Forum’s Regional Action Group for Africa in partnership with Deloitte, the report provides policy advice for accelerating the expansion of regional value chains in emerging manufacturing economies such as the automotive industry.
AfCFTA can boost intra-African trade and build resilience
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