Sub-Saharan Africa: Macroeconomic Convergence and Monetary Coordination Mothae Maruping he majority of sub-Saharan African countries are members of one or more regional or sub-regional arrangements that seek to pro-mote economic coordination, cooperation or integration among the member countries concerned. BIAT offers a framework for addressing key constraints to intra-Africa trade and diversification under seven clusters: trade policy, trade facilitation, productive capacity, traderelated infrastructure, trade finance, trade information, and factor market integration. In exports it was followed by other African countries (16 %) and China (11 %). ECA’s report on Bringing the AfCFTA About highlights that the AfCFTA potentially embodies a “win-win” approach such that all countries across Africa and vulnerable communities within these countries receive benefits from the agreement. The latest United Nations Educational, Scientific and Cultural Organization (UNESCO) data suggest that in 2012, the outbound mobility ratio of students from the region reached 4.5 percent. Songwe, Vera, and Deborah Winkler. Africa, a market of 1.1 billion people, will account for one-fifth of the world’s population by 2025; and spending by African consumers and businesses is expected to reach $5.6 trillion by 2025. Sub-Saharan Africa Learning What Works. The President's Advisory Council on Doing Business in Africa (PAC-DBIA) advises the President, through the Secretary of Commerce, on ways to strengthen commercial engagement between the United States and African countries. A women on foot. Beverage exports in the region are subject to substantial tariffs, considering that most countries within Africa trade with one another at most-favoured nation rates. SLE Discussion Paper 06/2017 . Fred Stewart - Director Fred.Stewart@trade.gov, Giancarlo Cavallo - Team Lead The real test of the AfCFTA, however, will be how quickly African countries can accelerate export diversification and product sophistication and make trade more inclusive. 2) Armies protected the sources and trade of gold. There were at least 15 countries with active armed conflicts in sub-Saharan Africa in 2019: Burkina Faso, Burundi, Cameroon, the Central African Republic (CAR), Chad, the Democratic Republic of the Congo (DRC), Ethiopia, Kenya, Mali, Mozambique, Niger, Nigeria, Somalia, South Sudan and Sudan. While the United Nations geoscheme for Africa excludes Sudan from its definition of sub-Saharan Africa⦠AUTOMOTIVE The sub-Saharan Africa Risks Landscape report is based on data and analysis taken from two key sources: The Global Risks Perception Survey This is the World Economic Forumâs source of original risks data, harnessing the expertise of the Forumâs network of business, government, civil society and thought leaders. Africa trade Statistics . Sub-Saharan Africa imported $238 billion in 2019, underlining the opportunity for growth in the American market share. (202) 482-5205 Goods exports to sub-Saharan Africa supported over 100,000 U.S. jobs in 2013. The trade share in GDP of Su b-Saharan Africa increased from about 40 percent in 1983 to 69 percent in 2008 (an increase in real terms of 6 and 3.3 percent per year in trade and economic activity, respectively). We support U.S. businesses in their pursuit of export opportunities across the following locations: Commercial Service in Sub-Saharan Africa The U.S. and Foreign Commercial Service (CS) has offices in eight countries across Sub-Saharan Africa: There is one liaison office to the African Development Bank in Côte d’Ivoire. Contents 1. This apprehension is not without cause. The debate on the benefits of trade has dominated this decade, and Africa has cast its vote for more and better trade with itself. (202) 482-5149 Countries: Angola (FCS), Tanzania (FCS), Central African Republic, Chad, Comoros, Madagascar, Mauritius, South Sudan, Sudan, Zambia, Samuel Weber - International Trade Specialist The African Union launched AfCFTA negotiations back in 2015 with the hopes of boosting intra-African trade, which falls behind [PDF] trade within other regional blocs. This paper summarizes the nature and determinants of trade in education and health services in a selected group of countries in Eastern and Southern Africa, using a combination of quantitative and ⦠The authors focus in particular on trade across intercontinental frontiers. Giancarlo.Cavallo@trade.gov “What You Export Matters.” Journal of Economic Growth12 (1): 1–25. This means that the region will experience its first ⦠Global trade grew almost twice as fast as global output (6 and 3.2 percent per year, respectively) during the period 1983- 2008. For imports these two had switched places, second was China (16 %) and third were other African ⦠Merchandise Trade statistics data for Sub-Saharan Africa (SSF) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as ⦠But for the first time in a generationâamid all the bad newsâthere is hope for change. 104 opportunities under the AfCFTA. At the regional level, Southern African economies have, on average, the most sophisticated exports. Wildlife Trade in Sub Saharan Africa Roz Price Institute of Development Studies 4 July 2017 Question How are national and regional legal frameworks (including economic and financial system interventions) currently used to control and restrict the illegal wildlife trade (excluding fish or forestry products) in Sub Saharan Africa? The AfCFTA as a result should stimulate demand for intra-African food imports, supporting a predominantly women-led sector. Countries: Kenya (FCS), Burundi, Rwanda, Uganda, Karen Burress - Senior International Trade Specialist It is broadly recognized that, while globalization and trade produced the impressive economic expansion of the past three decades, the gains have not been fairly distributed. While existing from prehistoric times, the peak of trade extended from the 8th century until the early 17th century. Africa, a market of 1.1 billion people, will account for one-fifth of the worldâs population by 2025; and spending by African consumers and businesses is expected to reach ⦠The 42 countries of continental sub-Saharan Africa include 21 of the 24 poorest countries in the world. 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