The first UNCTAD office of its kind, the Africa branch will, in the words of UNCTAD Secretary-General Mukhisa Kituyi, help "make trade work for Africa".
Trade among African countries is very low relative to the continent’s total trade. Over the past decade, the share of intra-African trade in Africa’s total trade was about 11 per cent, as compared to 21 per cent for Latin America and the Caribbean, 50 per cent for developing Asia and 70 per cent for Europe.
"Africa is at a crossroads in its trade agenda," Dr. Kituyi said. "Never has the political momentum and support for deeper trade integration been higher on the continent." Read more. Source | UNACTAD