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Intra-African trade rises as market access between blocs improves

Published on August 31, 2015

Intra-African trade increased by 50 per cent to $61 billion between 2010 and 2013, according to recent data released by the African Development Bank.

The rise is attributed to improved market access and a strong growth in re-exports among African countries.

The increase marks a strategic shift in internal trade on the continent, which was previously relatively low compared with trade flows from the European Union and China, observers say.

Poor quality roads and highways connecting national borders; non-tariff barriers and insecurity are blamed for the weak growth posted by intra-African trade in the past. Read more. Source | East African