Lagos - Despite the exponential increase in the volume and value of goods and services traded across Africa, its share in global trade continues to decline.
Africa share in the $30 trillion global trade currently stands at 3% according to Ahmed Hamid, ECOWAS’s Commissioner for Trade, Customs, Industry, Mines and Free Movement , reports Vanguard.
He noted that the dependence on the export of primary products has been one of the reasons why Africa has not made much gains from global trade.
According to him, the continent’s share in the global trade can be increased if countries embrace sound production and distribution of commodities that can expand their domestic and international market access.
Read more at Vanguard