Towards Promoting Inter-African Trade

There is a great need to encourage and promote trade between African countries now than ever before; especially now that globalisation has made the world a global village. And in this millennium, when there is so much advancement in knowledge, information, science and technology. Moreover, most continents of the world are doing so much to improve and increase trade–business transactions between their countries–in order to garner foreign exchange. For instance, the European Union (EU), Asia- Pacific, South American, North America etc, particularly the EU who are doing their utmost best to increase trade among and between member countries as well as with the rest of the world.
As it stands, Europe is the most integrated continent in the world and this system and process of integration was made possible by deliberate policy and action over time — in terms of communication and transportation; whether by air, water transport, land, railways transport etc. Making ease of travel and doing business after in the continent and among member countries very convenient. Also, the various borders of the different European countries do not make it cumbersome and difficult for travellers or visitors whether on business or leisure as tourists. By removing every encumbrances and bottlenecks like unnecessary check points on the way or causing of delays and making unwanted demands from travellers and visitors access to markets, trade fairs, tours and exhibitions.
Africans need to integrate, encourage free trade and free movement of persons and goods within the continent among member countries. African nations need to export to fellow member countries and import from member countries. What is usually the case is that African countries export and import from Europe, America or Asia at the detriment of other African countries. This ought not to be so, as some African countries produce agricultural products and Africa as a whole is heavily dependent on imported food. Africa has the propensity and capacity to produce and export semi-finished products like African textiles-fabrics, leather works of all kinds –bags, shoes, belts, wallets; hides and skins etc, art works and hand crafts, that and the rest of the world which can earn foreign exchange.
This will help promote tourism–leisure and travelling– within Africa and among member countries. Thereby processing and improving gross domestic product (GDP) and per capita income of African countries among so many other advantages which is done in EU countries, Asia-Pacific.
Be that as it may, the African Continental Free Trade Agreement Act (AfCFTA) as conceptualised and envisaged by the African Union (AU) is laudable and apt to help facilitate and promote free trade and free movement of goods and persons within the continent but will be more effective and impactful if more pragmatic and proactive measures are applied. Encourage foreign direct investment (FDI) to increase local manufacturing capacity.
Solid minerals like diamonds, uranium, gold, crude oil, copper etc available in African should be enhanced and improved upon – the way and means of mining and prospecting like it is done in the South American countries of Peru, Argentina, Bolivia, Chile, etc; the tourism potentials of the continent should also be better developed and enhanced to earn African countries more foreign exchange.
Efforts have been carried out under the aegis of the various sub-regional economic blocs like the Southern African Development Cooperation Commission (SADCC), Economic Community of West African States (ECOWAS) and the East African Development Commission (EADC). All these sub-regional groups; SADCC for Southern Africa, ECOWAS for West Africa and the EADC for Eastern Africa have made concerted efforts at different times into city policies and programmes to help improve and increase inter-trade between countries within its region like the ECOWAS – Free Trade Passport protocol.
The African Union and these sub-regional groupings need to help make Africa integrate and become cohesive. Though that does not mean they will lose their individual identity and independence.
The world is interdependent, we all need each other for Europe and USA to be going to China to produce and manufacture most of its products and consumer goods all in the name of outsourcing. For India to be handling majority of the ICT jobs outsourced to it from the advanced countries speaks volume.
Africa with its huge amount of human resources can compete and have a stake in this large ICT outsourcing market to earn foreign exchange and improve the standard of living, thereby reducing poverty of Africans.
Going forward, the AfCFTA will help facilitate and enhance African exports when fully implemented not only to African countries but to Asia, Europe, America and the rest of the world; bringing to Africa the much needed development in terms of infrastructure, employment, improved standard and conditions of living, reduction in poverty and hunger — because these scarce foreign exchange earnings will bring a lot of change and prosperity to the African continent.
Hitherto, in the 15th and 16th centuries, many empires and kingdoms on the continent had trade links, exporting and importing goods from the Portuguese, Spaniards, Italians, British and other Europeans. Examples are the Benin Empire, Songhai Empire, Kanem-Borno Empire, Dahomey and Ashanti Kingdom, Bantu etc.

By: Sampson Ayooso

Ayooso, a public policy analyst, wrote from Port Harcourt.