The World Trade Organisation (WTO) has projected that Africa could emerge as the world’s fourth largest economy by 2050 if it harnesses its demographic and resource potential.
WTO Director-General Ngozi Okonjo-Iweala, in an interview with CNN, said that trading within Africa remains considerably more expensive than with other regions, with intra-continental trade costs estimated to be about 20 percent higher.
“It costs 20 percent more for us to trade with each other on the continent than with others externally,” she said.
She linked the disparity to poor infrastructure, inefficient border management, and high transport and logis
Continue Reading on The Guardian Nigeria
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.