Conferences on increasing intra-Africa trade (By Sylodium, international trade directory)

Both the African Union and the U.N. Economic Commission for Africa (UNECA) have held countless meetings and conferences on increasing intra-Africa trade. How intra-Africa trade can be improved is one of the most discussed topics at the AU and UNECA. African countries do only 11 percent of their foreign trade with other countries on the continent. In comparison, Asian countries do 50 percent of their trade with each other, while European Union countries do 70 percent.

2012 World Bank report says the continent loses billions of dollars annually because of continental trade barriers. A U.N. report on intra-Africa trade released in July, urges African governments to boost the private sector, reduce trade barriers and expand infrastructure.     

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