Opinion: Africa’s New Free Trade Zone Is Still Just a Dream

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Opinion: Africa's New Free Trade Zone Is Still Just a Dream
Opinion: Africa's New Free Trade Zone Is Still Just a Dream

Trade within Africa has enormous potential. Whether a new free trade zone on the continent will realize that potential is up to the more than 50 nations participating in it, writes DW’s Claus Stäcker.

At just shy of 2.5%, Africa’s share of world trade has remained unchanged for the past 20 years. Its continental economic power is less than half the size of Japan’s. Economic growth has recently shrunk to 3% and is still primarily based on foreign trade in oil, gold, diamonds, precious metals and cocoa. Intra-African trade in goods accounts for just 12% of trade volume.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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