August 26, 2015

hISTORY eNDS EVERYWHERE:

Africa's democratic road to economic unity : With the launch of an ambitious project to form a free-trade zone, Africa must also realize that trade is best enhanced when states are democratic. (Monitor's Editorial Board AUGUST 26, 2015, CS Monitior)

This week, the United Nations began training officials from 19 African countries on how to negotiate a trade deal. Their bargaining skills are crucial right now to complete an ambitious project launched in June by the African Union: the creation of a free-trade zone from Cairo to Cape Town in the next two years.

The continent's dream of economic integration, dating back at least 35 years, is hardly new. But the urgency is. With free-trade pacts in the works between Europe and the United States, and among 12 countries of the Pacific Rim, African nations realize they must boost trade among themselves.

Only 10 to 12 percent of Africa's trade is across its internal borders, far lower than in other regions and a sure sign of protectionism. And tariffs between African states are far higher than on goods imported from outside the continent.



Posted by at August 26, 2015 7:34 PM
  

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