Diversifying the domestic economy away from natural resources and towards services is also associated with more intra-African trade. to promote intra-African trade, diversify and . Thus a major lesson to be drawn from the systemic shocks in the global economy is the need for Africa to promote intra-regional trade. • African countries therefore need to aggressively pursue comprehensive and harmonized regional trade policies as … 10. Enterprises working in the honey, mango and spice sectors are set to expand and become more competitive through this The farmers called for measures that promote intra-African trade, especially involving agricultural commodities. This historic Summit Decision is aimed at deepening Africa’s market integration and using trade to serve more effectively as an instrument for the attainment of rapid and … Intra-African exports are found to dis-proportionately increase with road infrastructure, trade agreements, and a less corrupt trading system. It also endorsed an Action Plan for Boosting Intra-Africa Trade (BIAT). Intra-African trade. Once adopted, the documents will become key frameworks that African countries, RECs and other regional bodies can use to develop strategies, policies and programmes that promote regional agricultural value chain development and intra-Africa trade in agricultural commodities and services, within the context of the AfCFTA Agreement. the indicative date of 2017. structurally transform the continent’s econo my, and pursue important human rights and anti- poverty goals. To promote African intra-trade to unlock agricultural potential in the Continent, the following approaches could be taken into consideration: the most effective ways to channel assistance to African countries, enabling them to develop export-related skills and infrastructure, and increase their competitiveness and boost regional trade. 5. African countries have taken a major step in this direction with the establishment of the African Continental Free Trade Area (AfCFTA). Although intra‐regional Boosting intra-African trade and deepening regional market integration constitute a necessary response to the challenges facing Africa in the multilateral trading system and the global economy. • Enhancing intra-African trade should help promote specialization amongst African countries and develop regional value chains to enhance diversification and competitiveness. Their calls came amid revelations that intra-SADC trade is only less than 3% as African countries act as dumping sites for genetically modified crops which come from Europe and America in the form of development aid. However, the harmonization . The promotion of intra-African trade is the first pillar of the Bank’s Fifth Strategic Plan, informed by the view that intra-African trade offers tremendous potential as a mitigant against adverse external shocks and global volatility. That means intra-African trade creates more employment in the source country than Africa trading with the rest of the world. The ‘Promoting Intraregional Trade in Eastern Africa’ project focuses on increasing exports from Kenya, the United Republic of Tanzania and Zambia. But the relatively high share of manufacturing goods in intra-African trade suggests that enhanced intra-regional trade is key to unlocking the industrial potential of the continent. identi es factors that promote trade between African countries. 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