HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

Tanzania, Ethiopia in top 10 index

Published on September 21, 2015

East Africa can become a global and intra-regional trade hub but only if it dismantles all trade barriers in the region, according to researchers at the UK-based Barclays Bank plc.

The researchers note that improving Customs  clearance procedures, facilitating greater cross-border co-operation, eliminating both tariff and non-tariff barriers  and increasing  investment in infrastructure such as roads, railway, ports, airports and energy  could transform the prospects for the region’s trade.

“East Africa benefits most from relatively strong border administration and a fast-growing regional market,” they say.

In their  Barclays Africa Trade Index (2015) report, the researchers  say many countries in Africa  have taken some positive steps  to boost  trade  by harmonising regulations along transport corridors, reducing stay times at the ports and delays associated with Customs control points and coordinating Customs processes across regional economic communities. Read more. Source | The East African