-
African free trade bloc opens for business
African countries began officially trading under the African Continental Free Trade Area, the largest free-trade area since the establishment of the World Trade Organization.
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Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
Get the latest news on: http://reuters.com/
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published: 01 Jan 2021
-
Africa-Free-Trade Zone | Inside Story
A new year, and a new start for Africa.
The world's largest single market has opened, enabling all but one of the 54 nations to begin trading.
The African Continental Free Trade Area is a landmark deal - bringing together the continent's multi-trillion dollar economy into one bloc.
While only 33 of the signatories have put the deal into effect, it's already being heralded as a turning point for Africa's economic future.
But many argue the continent lacks proper infrastructure to implement the agreement
So, is Africa ready for the free movement of goods and people?
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#Inside_St...
published: 01 Jan 2021
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The African Continental Free Trade Area #AfCFTA (English version)
Trade is a powerful engine for economic growth and development. However, Africa’s role in the global trade market has fundamentally been providing raw commodities in exchange for manufactured goods, thereby capturing a minimal 3% of the global share of trade. In addition intra-Africa trade is relatively low at levels of not more than 15% and this can change if Africa effectively addresses supply side constraints and weak productive capacities, infrastructural bottlenecks, trade information networks, access to finance for businesses, facilitation of trade in services and free movement of people for cross border trade.
The African Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 and refers to a geographic zone where goods and services move among member states of the...
published: 28 Jan 2019
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AFCFTA: Africa's free trade agreement in limbo
One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic, and lack of consensus on trade protocols and strategy among stakeholders.
Despite the ratification of the trade deal among African countries, with exception of Eritrea, the political will to implement the deal remains in doubt going to the pace and protectionist stance of many African governments.
More from The Guardian:
✔ Subscribe to The Guardian on YouTube: https://www.youtube.com/c/GuardianNigeriaOfficial
✔ Read more news on The Guardian: https://www.guardian.ng/
✔ Watch more videos: https://www.tv.guardian.ng/
Follow Th...
published: 29 Jul 2022
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Could ACFTA free trade deal be a new dawn for Africa? - BBC News
As African heads of state sign the first continent wide free trade deal, what will it mean for the people that live there?
The BBC's Nancy Kacungira explains.
Please subscribe HERE http://bit.ly/1rbfUog
published: 21 Mar 2018
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African Continental Free Trade Area (AfCFTA) - How will it benefit us in practice?
The AfCFTA isn't simply a 'Free Trade Agreement' it's much more than that. It's about establishing a unified continental market, including the free movement of labour and investment.
published: 06 May 2019
-
Forty-four countries sign historic Africa Union free trade agreement
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the continent.
The African Continental Free Trade Area (AfCFTA), an agreement cast in the mold of the European Union's version was signed during the 10th Ordinary Session of African Union Heads of State summit held in the Rwandan capital, Kigali.
The AfCFTA gives birth to the world's largest free trade area since the World Trade Organization w…
READ MORE : http://www.africanews.com/2018/03/21/forty-four-countries-sign-historic-africa-union-free-trade-agreement
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique ...
published: 21 Mar 2018
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African free trade explained
In this explainer, Alexander Hammond, Director of the Initiative for African Trade and Prosperity, discusses the future of African free trade, the potential offered by an African Continental Free Trade Area and the benefits that such a free trade area would bring to the UK economy.
You can learn more about the IATP and their work here: https://theiatp.org/
Support the IEA on Patreon, where we give you the opportunity to directly help us continue producing stimulating and educational online content, whilst subscribing to exclusive IEA perks, benefits and priority access to our content https://patreon.com/iealondon
FOLLOW US:
TWITTER - https://twitter.com/iealondon
INSTAGRAM - https://www.instagram.com/ieauk/
FACEBOOK - https://www.facebook.com/ieauk
WEBSITE - https://iea.org.uk/...
published: 22 Feb 2022
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SME #OnPoint | The African Continental Free Trade Area
This week on SME OnPoint we look into The African Continental Free Trade Area and the specific opportunities that are available for small businesses.
The agreement aims to create a single, continent-wide market for goods and services, business and investment that can reshape African economies.
On the back of Africa Day which was observed yesterday and the month of May in general being Africa Month, where do you start as a business to take advantage of the agreement and what are the potential challenges that are there.
To discuss this further, I'm joined by the Acting CEO of Export Credit Insurance Ntshengedzeni Maphula.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
published: 26 May 2023
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Why is African trade under performing? | LSE Research
Although Africa represents 17% of the world's population, it only accounts for 2.3% of global trade as it relies heavily on volatile commodities like fossil fuels, metals and ores and is held back by current policies and unbalanced partnerships. How can we boost trade flows inside and outside the continent to create more jobs and further development?
🔴 See how our social science research and expertise is helping us tackle some of the most pressing issues facing us today on Research For The World, our social science digital magazine: : https://www.lse.ac.uk/rftw
🔴 More from LSE:
Home ➡️ http://www.lse.ac.uk/
TikTok ➡️ https://www.tiktok.com/@lse
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Instagram ➡️ https://www.instagram.com/londonschoolofeconomics/
Twitter ➡️ https://twitter.com/LSE...
published: 24 Jan 2023
1:09
African free trade bloc opens for business
African countries began officially trading under the African Continental Free Trade Area, the largest free-trade area since the establishment of the World Trade...
African countries began officially trading under the African Continental Free Trade Area, the largest free-trade area since the establishment of the World Trade Organization.
Subscribe: http://smarturl.it/reuterssubscribe
Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
Get the latest news on: http://reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
https://wn.com/African_Free_Trade_Bloc_Opens_For_Business
African countries began officially trading under the African Continental Free Trade Area, the largest free-trade area since the establishment of the World Trade Organization.
Subscribe: http://smarturl.it/reuterssubscribe
Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
Get the latest news on: http://reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
- published: 01 Jan 2021
- views: 5745
25:16
Africa-Free-Trade Zone | Inside Story
A new year, and a new start for Africa.
The world's largest single market has opened, enabling all but one of the 54 nations to begin trading.
The African Conti...
A new year, and a new start for Africa.
The world's largest single market has opened, enabling all but one of the 54 nations to begin trading.
The African Continental Free Trade Area is a landmark deal - bringing together the continent's multi-trillion dollar economy into one bloc.
While only 33 of the signatories have put the deal into effect, it's already being heralded as a turning point for Africa's economic future.
But many argue the continent lacks proper infrastructure to implement the agreement
So, is Africa ready for the free movement of goods and people?
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#Inside_Story
#Free_Trade_Zone_Africa
https://wn.com/Africa_Free_Trade_Zone_|_Inside_Story
A new year, and a new start for Africa.
The world's largest single market has opened, enabling all but one of the 54 nations to begin trading.
The African Continental Free Trade Area is a landmark deal - bringing together the continent's multi-trillion dollar economy into one bloc.
While only 33 of the signatories have put the deal into effect, it's already being heralded as a turning point for Africa's economic future.
But many argue the continent lacks proper infrastructure to implement the agreement
So, is Africa ready for the free movement of goods and people?
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#Inside_Story
#Free_Trade_Zone_Africa
- published: 01 Jan 2021
- views: 192535
19:52
The African Continental Free Trade Area #AfCFTA (English version)
Trade is a powerful engine for economic growth and development. However, Africa’s role in the global trade market has fundamentally been providing raw commoditi...
Trade is a powerful engine for economic growth and development. However, Africa’s role in the global trade market has fundamentally been providing raw commodities in exchange for manufactured goods, thereby capturing a minimal 3% of the global share of trade. In addition intra-Africa trade is relatively low at levels of not more than 15% and this can change if Africa effectively addresses supply side constraints and weak productive capacities, infrastructural bottlenecks, trade information networks, access to finance for businesses, facilitation of trade in services and free movement of people for cross border trade.
The African Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 and refers to a geographic zone where goods and services move among member states of the African Union (AU) with no restrictions. The AfCFTA aims to boost intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the member states, covering trade in goods and services, investment, intellectual property rights and competition policy. Globally, countries are concluding Mega-Regional Trade Agreements (MRTAs), thus reshaping and changing the global trading landscape in the process. The establishment of the AfCFTA will allow Africa to strengthen its position vis-à-vis the rest of the world, speak with one voice and act in unison on all continental and international trade issues.
The AfCFTA will create a wider market of more than 1.3billion people a combined GDP of US$ 3.4 Trillion and by the year 2035, the combined GDP of the AfCFTA market, is estimated to be close to US$ 7 Trillion. That means that there are opportunities for Small and Medium Enterprises (SMEs) and young entrepreneurs to export across regions of the African continent, and to take advantage of this vast market.. This will induce investments, result in pooling of African resources to enhance structural transformation and the development of regional value chains. Benefits of the AfCFTA include:-
• Boosting employment opportunities;
• Increased food security through reduction of trade barriers on agricultural products;
• Increased competitiveness of African industrial products through harnessing the economies of scale of a continental wide market;
• Increased rate of diversification and transformation of Africa’s economy and the continent’s ability to supply its import needs from its own resources;
• Better allocation of resources, improved competition and reduced price differentials;
• Growth of intra-industry trade through regional value chains and development of geographically based specialisation;
• Reduced vulnerability of countries to external trade shocks by reducing the trade balance deficits of African Countries;
• Enhanced participation of Africa in Global trade and reduced dependency on aid and external borrowing.
https://wn.com/The_African_Continental_Free_Trade_Area_Afcfta_(English_Version)
Trade is a powerful engine for economic growth and development. However, Africa’s role in the global trade market has fundamentally been providing raw commodities in exchange for manufactured goods, thereby capturing a minimal 3% of the global share of trade. In addition intra-Africa trade is relatively low at levels of not more than 15% and this can change if Africa effectively addresses supply side constraints and weak productive capacities, infrastructural bottlenecks, trade information networks, access to finance for businesses, facilitation of trade in services and free movement of people for cross border trade.
The African Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 and refers to a geographic zone where goods and services move among member states of the African Union (AU) with no restrictions. The AfCFTA aims to boost intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the member states, covering trade in goods and services, investment, intellectual property rights and competition policy. Globally, countries are concluding Mega-Regional Trade Agreements (MRTAs), thus reshaping and changing the global trading landscape in the process. The establishment of the AfCFTA will allow Africa to strengthen its position vis-à-vis the rest of the world, speak with one voice and act in unison on all continental and international trade issues.
The AfCFTA will create a wider market of more than 1.3billion people a combined GDP of US$ 3.4 Trillion and by the year 2035, the combined GDP of the AfCFTA market, is estimated to be close to US$ 7 Trillion. That means that there are opportunities for Small and Medium Enterprises (SMEs) and young entrepreneurs to export across regions of the African continent, and to take advantage of this vast market.. This will induce investments, result in pooling of African resources to enhance structural transformation and the development of regional value chains. Benefits of the AfCFTA include:-
• Boosting employment opportunities;
• Increased food security through reduction of trade barriers on agricultural products;
• Increased competitiveness of African industrial products through harnessing the economies of scale of a continental wide market;
• Increased rate of diversification and transformation of Africa’s economy and the continent’s ability to supply its import needs from its own resources;
• Better allocation of resources, improved competition and reduced price differentials;
• Growth of intra-industry trade through regional value chains and development of geographically based specialisation;
• Reduced vulnerability of countries to external trade shocks by reducing the trade balance deficits of African Countries;
• Enhanced participation of Africa in Global trade and reduced dependency on aid and external borrowing.
- published: 28 Jan 2019
- views: 113626
3:55
AFCFTA: Africa's free trade agreement in limbo
One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to ...
One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic, and lack of consensus on trade protocols and strategy among stakeholders.
Despite the ratification of the trade deal among African countries, with exception of Eritrea, the political will to implement the deal remains in doubt going to the pace and protectionist stance of many African governments.
More from The Guardian:
✔ Subscribe to The Guardian on YouTube: https://www.youtube.com/c/GuardianNigeriaOfficial
✔ Read more news on The Guardian: https://www.guardian.ng/
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Follow The Guardian Nigeria on Social Media:
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#AfCFTA #FreeTrade #Pandemic
https://wn.com/Afcfta_Africa's_Free_Trade_Agreement_In_Limbo
One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic, and lack of consensus on trade protocols and strategy among stakeholders.
Despite the ratification of the trade deal among African countries, with exception of Eritrea, the political will to implement the deal remains in doubt going to the pace and protectionist stance of many African governments.
More from The Guardian:
✔ Subscribe to The Guardian on YouTube: https://www.youtube.com/c/GuardianNigeriaOfficial
✔ Read more news on The Guardian: https://www.guardian.ng/
✔ Watch more videos: https://www.tv.guardian.ng/
Follow The Guardian Nigeria on Social Media:
► Follow on Twitter: http://www.twitter.com/guardiannigeria
► Like on Facebook: http://www.facebook.com/guardianng
► Like on Instagram: https://www.instagram.com/guardiannigeria/
► Follow on Linkedin: https://www.linkedin.com/company/guardian-newspapers-limited
#AfCFTA #FreeTrade #Pandemic
- published: 29 Jul 2022
- views: 4659
2:21
Could ACFTA free trade deal be a new dawn for Africa? - BBC News
As African heads of state sign the first continent wide free trade deal, what will it mean for the people that live there?
The BBC's Nancy Kacungira explains.
...
As African heads of state sign the first continent wide free trade deal, what will it mean for the people that live there?
The BBC's Nancy Kacungira explains.
Please subscribe HERE http://bit.ly/1rbfUog
https://wn.com/Could_Acfta_Free_Trade_Deal_Be_A_New_Dawn_For_Africa_BBC_News
As African heads of state sign the first continent wide free trade deal, what will it mean for the people that live there?
The BBC's Nancy Kacungira explains.
Please subscribe HERE http://bit.ly/1rbfUog
- published: 21 Mar 2018
- views: 80285
4:53
African Continental Free Trade Area (AfCFTA) - How will it benefit us in practice?
The AfCFTA isn't simply a 'Free Trade Agreement' it's much more than that. It's about establishing a unified continental market, including the free movement of ...
The AfCFTA isn't simply a 'Free Trade Agreement' it's much more than that. It's about establishing a unified continental market, including the free movement of labour and investment.
https://wn.com/African_Continental_Free_Trade_Area_(Afcfta)_How_Will_It_Benefit_US_In_Practice
The AfCFTA isn't simply a 'Free Trade Agreement' it's much more than that. It's about establishing a unified continental market, including the free movement of labour and investment.
- published: 06 May 2019
- views: 36001
2:01
Forty-four countries sign historic Africa Union free trade agreement
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the con...
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the continent.
The African Continental Free Trade Area (AfCFTA), an agreement cast in the mold of the European Union's version was signed during the 10th Ordinary Session of African Union Heads of State summit held in the Rwandan capital, Kigali.
The AfCFTA gives birth to the world's largest free trade area since the World Trade Organization w…
READ MORE : http://www.africanews.com/2018/03/21/forty-four-countries-sign-historic-africa-union-free-trade-agreement
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
https://wn.com/Forty_Four_Countries_Sign_Historic_Africa_Union_Free_Trade_Agreement
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the continent.
The African Continental Free Trade Area (AfCFTA), an agreement cast in the mold of the European Union's version was signed during the 10th Ordinary Session of African Union Heads of State summit held in the Rwandan capital, Kigali.
The AfCFTA gives birth to the world's largest free trade area since the World Trade Organization w…
READ MORE : http://www.africanews.com/2018/03/21/forty-four-countries-sign-historic-africa-union-free-trade-agreement
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
- published: 21 Mar 2018
- views: 4740
15:49
African free trade explained
In this explainer, Alexander Hammond, Director of the Initiative for African Trade and Prosperity, discusses the future of African free trade, the potential off...
In this explainer, Alexander Hammond, Director of the Initiative for African Trade and Prosperity, discusses the future of African free trade, the potential offered by an African Continental Free Trade Area and the benefits that such a free trade area would bring to the UK economy.
You can learn more about the IATP and their work here: https://theiatp.org/
Support the IEA on Patreon, where we give you the opportunity to directly help us continue producing stimulating and educational online content, whilst subscribing to exclusive IEA perks, benefits and priority access to our content https://patreon.com/iealondon
FOLLOW US:
TWITTER - https://twitter.com/iealondon
INSTAGRAM - https://www.instagram.com/ieauk/
FACEBOOK - https://www.facebook.com/ieauk
WEBSITE - https://iea.org.uk/
#Trade #Africa #IATP #IEA
https://wn.com/African_Free_Trade_Explained
In this explainer, Alexander Hammond, Director of the Initiative for African Trade and Prosperity, discusses the future of African free trade, the potential offered by an African Continental Free Trade Area and the benefits that such a free trade area would bring to the UK economy.
You can learn more about the IATP and their work here: https://theiatp.org/
Support the IEA on Patreon, where we give you the opportunity to directly help us continue producing stimulating and educational online content, whilst subscribing to exclusive IEA perks, benefits and priority access to our content https://patreon.com/iealondon
FOLLOW US:
TWITTER - https://twitter.com/iealondon
INSTAGRAM - https://www.instagram.com/ieauk/
FACEBOOK - https://www.facebook.com/ieauk
WEBSITE - https://iea.org.uk/
#Trade #Africa #IATP #IEA
- published: 22 Feb 2022
- views: 4774
6:22
SME #OnPoint | The African Continental Free Trade Area
This week on SME OnPoint we look into The African Continental Free Trade Area and the specific opportunities that are available for small businesses.
The agreem...
This week on SME OnPoint we look into The African Continental Free Trade Area and the specific opportunities that are available for small businesses.
The agreement aims to create a single, continent-wide market for goods and services, business and investment that can reshape African economies.
On the back of Africa Day which was observed yesterday and the month of May in general being Africa Month, where do you start as a business to take advantage of the agreement and what are the potential challenges that are there.
To discuss this further, I'm joined by the Acting CEO of Export Credit Insurance Ntshengedzeni Maphula.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
https://wn.com/Sme_Onpoint_|_The_African_Continental_Free_Trade_Area
This week on SME OnPoint we look into The African Continental Free Trade Area and the specific opportunities that are available for small businesses.
The agreement aims to create a single, continent-wide market for goods and services, business and investment that can reshape African economies.
On the back of Africa Day which was observed yesterday and the month of May in general being Africa Month, where do you start as a business to take advantage of the agreement and what are the potential challenges that are there.
To discuss this further, I'm joined by the Acting CEO of Export Credit Insurance Ntshengedzeni Maphula.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
- published: 26 May 2023
- views: 660
4:31
Why is African trade under performing? | LSE Research
Although Africa represents 17% of the world's population, it only accounts for 2.3% of global trade as it relies heavily on volatile commodities like fossil fue...
Although Africa represents 17% of the world's population, it only accounts for 2.3% of global trade as it relies heavily on volatile commodities like fossil fuels, metals and ores and is held back by current policies and unbalanced partnerships. How can we boost trade flows inside and outside the continent to create more jobs and further development?
🔴 See how our social science research and expertise is helping us tackle some of the most pressing issues facing us today on Research For The World, our social science digital magazine: : https://www.lse.ac.uk/rftw
🔴 More from LSE:
Home ➡️ http://www.lse.ac.uk/
TikTok ➡️ https://www.tiktok.com/@lse
Facebook ➡️ https://www.facebook.com/lseps/
Instagram ➡️ https://www.instagram.com/londonschoolofeconomics/
Twitter ➡️ https://twitter.com/LSEnews
LinkedIn ➡️ https://www.linkedin.com/school/london-school-of-economics/
#Africa #trade #economy #research
https://wn.com/Why_Is_African_Trade_Under_Performing_|_Lse_Research
Although Africa represents 17% of the world's population, it only accounts for 2.3% of global trade as it relies heavily on volatile commodities like fossil fuels, metals and ores and is held back by current policies and unbalanced partnerships. How can we boost trade flows inside and outside the continent to create more jobs and further development?
🔴 See how our social science research and expertise is helping us tackle some of the most pressing issues facing us today on Research For The World, our social science digital magazine: : https://www.lse.ac.uk/rftw
🔴 More from LSE:
Home ➡️ http://www.lse.ac.uk/
TikTok ➡️ https://www.tiktok.com/@lse
Facebook ➡️ https://www.facebook.com/lseps/
Instagram ➡️ https://www.instagram.com/londonschoolofeconomics/
Twitter ➡️ https://twitter.com/LSEnews
LinkedIn ➡️ https://www.linkedin.com/school/london-school-of-economics/
#Africa #trade #economy #research
- published: 24 Jan 2023
- views: 4931