According to a survey conducted between March and June 2022, most CEOs in Africa reported that the lack of access to information on markets, opportunities, and trading partners were the main issues preventing export trade within the region. A lower respondent share of 9.6 percent also indicated that risks of counterparty payments could block intra-African export trade. In May 2019, the African Continental Free Trade Area (AfCFTA) agreement officially entered into force after 22 African countries had ratified it. It aimed at facilitating trade within the continent.
Distribution of constraints preventing intra-African export trade in 2022
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African Business. (August 18, 2022). Distribution of constraints preventing intra-African export trade in 2022 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/
African Business. "Distribution of constraints preventing intra-African export trade in 2022." Chart. August 18, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/
African Business. (2022). Distribution of constraints preventing intra-African export trade in 2022. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/
African Business. "Distribution of Constraints Preventing Intra-african Export Trade in 2022." Statista, Statista Inc., 18 Aug 2022, https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/
African Business, Distribution of constraints preventing intra-African export trade in 2022 Statista, https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/ (last visited November 22, 2024)
Distribution of constraints preventing intra-African export trade in 2022 [Graph], African Business, August 18, 2022. [Online]. Available: https://www.statista.com/statistics/1327772/share-of-constraints-in-export-trade-within-africa/