JOHANNESBURG - A new report released on Wednesday says non-tariff barriers, high trading costs and a lack of product diversification are the biggest impediments to Africa’s agricultural trade performance.
Africa Agriculture Trade Monitor 2019 is the result of a collaborative initiative between the International Food Policy Research Institute (IFPRI) and the Technical Centre for Agricultural and Rural Cooperation.
It examines the effectiveness of efforts to increase regional trade integration and intra-African trade and the potential impact of broader integration on Africa’s trade performance in light of emerging global protectionism.
“At a time when the global trade system is facing new threats, we hope this report will provide policy actors with the tools they need to position Africa effectively to better engage in and benefit from agricultural trade,” IFPRI director general Shenggen Fan said.
“Given the push for deeper integration gaining momentum in Africa, this report is timely indeed.”