Africa’s Untapped Export Potential Worth $31 Billion
United National Conference on Trade and Development says Africa’s untapped export of $31 billion[1] can be achieved if Africa implements partial tariff liberalisation under the African Continental Free Trade Area (ACFTA) Agreement over the next five years. Currently, trade between African countries comprises 61% of processed and semi-processed goods.
Infrastructure and the harmonisation of logistics will make the AfCFTA fly, including simplicity of moving goods, automation, services across countries and cross-border clearance processes, among other challenges hampering trade.
According to Jürgen Maier, Owner of Mobility Advisors in Switzerland and Partner and Adviser at the Transport Evolution Africa Forum and Expo 2022, automation is one of the key areas to increasing Africa’s transport...