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Making African Trade Work
Africa, like other developing regions around the world, has persistently low levels of intraregional trade, owing to poor infrastructure and trade barriers maintained by the African Union’s 55 member states. The Continental Free Trade Agreement promises to change that, but only if African leaders can agree on the details.
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KAMPALA – US President Donald Trump’s “America First” trade policies have triggered a global bout of tit-for-tat protectionism that could precipitate a meltdown of the international trading system. Against this backdrop of growing tensions involving the United States, China, the European Union, and other major economies, Africa may seem like a passive bystander. But looks can be deceiving.