Skip to main content
Publication | 12 May 2021

Framework for boosting intra-African trade in agricultural commodities and services

The Framework for Boosting Intra-African Trade in Agricultural Commodities and Services is built around the fifth commitment of the 2014 Malabo Declaration to triple intra-African trade in agricultural commodities and services by 2025. Increased trade will help create sustainable jobs, incomes and livelihoods while improving long-term agricultural productivity and food security on the continent. Recent evidence suggests that the export of agroprocessed and other value added goods made in Africa is greater in regional markets than in external markets outside Africa, typically dominated by mostly low-value raw material exports. The African Continental Free Trade Area (AfCFTA), which will start trading in January 2021, is expected to accelerate economic integration and expand trade in Africa’s first single market of 1.2 billion people, valued at USD 2.5 trillion. The World Bank (2013) estimates that the value of Africa’s agriculture and agribusiness market could expand to USD 1 trillion by 2030. The agreement establishing the AfCFTA entered into force on 30 May 2019, covering 54 of the 55 African Union (AU) Member States (except Eritrea), 36 of which have ratified the agreement so far. African countries have undertaken commitments to remove tariffs on 90 percent of over 5 000 tariff lines as well as liberalise services. It is estimated that tariff liberalisation in the transition phase could generate welfare gains of USD 16.1 billion, and growth in intra-African trade of 33 percent up from 15 percent (UNCTAD, 2019).

Framework for boosting intra-African trade in agricultural commodities and services
English
(file)
Download 

Recommended reading