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USA.gov | FOIA | Privacy Program | EEO Policy | Disclaimer | Information Quality Guidelines, International Trade Administration Figure 1: Africaâs intra- and extra-regional trade. Prosper Africa is a U.S. Government initiative that brings together the full range of government resources to connect U.S. and African businesses with new buyers, suppliers, and investment opportunities. 1 —more than two times higher than the world average of 1.8 percent. This paper describes some of the methodological and conceptual problems in researching aspects of sub-Saharan Africa's international 'underground' trade, meaning commercial transactions which are conducted across international frontiers but which are unrecorded in official data. of Sub-Saharan Africa to Financial Crises Nicolas Berman Philippe Martin December 2011 When citing this paper, please use the title and the following reference number: F-3011-NOC-1. The U.S. and Foreign Commercial Service (CS) is present in nine sub-Saharan African countries, has a network of U.S. Global trade grew almost twice as fast as global output (6 and 3.2 percent per year, respectively) during the period 1983- 2008. It produces about 16% of sub-Saharan Africa maize, according to the International Grains Council. Figure 6.1 shows that, except for Rwanda, Senegal, and Sudan, African economies did not diversify their exports. The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Within Asia, several countries, namely Korea, China, Vietnam, and Thailand, have converged toward the world’s quality frontier largely as a result of integration in regional and global value chains (see Figure 6.3). Giancarlo.Cavallo@trade.gov Diversification should also lead to increased sophistication of export products. Sub-Saharan Africa consists of 49 countries and is in the process of integrating into the worldâs largest free trade area. In 2015, African countries spent about $63 billion on food imports,4 largely from outside the continent. Residents of the Sahara and the Sahel generally must trade for food with the coastal zones. Commercial Service in the United States Analysis of sectoral quality shows that some richer and more open countries have well established manufacturing exports, such as South Africa and Morocco. Trade policy reform, in the form of liberalization or removal of restrictions on trade, has been a predominant feature of economic policy reforms undertaken, to various degrees, by numerous subâSaharan African (SSA) countries since 1980. This is an important reason to expect that trade will be a key driver of growth in Africa. This compares with the 1 percent of GDP that is typical in industrialized countries, and the 2â3 percent of GDP found in fast-growing emerging economies. The AfCFTA can play a game-changing role in Africa’s economic diversification and inclusion. Trade facilitation is key to reducing non-tariff trade costs, and is important for ensuring inclusive benefits since landlocked countries and small, informal, and female traders are usually more burdened by inadequate trade facilitation. Table reflects only those months for which there was trade. It finds that the pass-through is incomplete. We develop technical expert Other countries, such as Botswana and Mali, have successfully moved up the value chain within their natural resource sectors. Sub-Saharan Africa is one of the fastest growing regions in the world. The share of intra-African exports as a percentage of total African exports has increased from about 10 percent in 1995 to around 17 percent in 2017, but it remains low compared to levels in Europe (69 percent), Asia (59 percent), and North America (31 percent). Spending on roads in Sub-Saharan Africa averages just below 2 percent of GDP, with substantial variance across countries (figure B). While existing from prehistoric times, the peak of trade extended from the 8th century until the early 17th century. Export diversification for the continent improved only marginally between 1990 and 2014. The debate on the benefits of trade has dominated this decade, and Africa has cast its vote for more and better trade with itself. U.S. Department of Commerce GSMA (https://bit.ly/33ZFpnl) reports that smartphone adoption is growing rapidly in Sub-Saharan Africa reaching 50% of total connection in 2020. Countries: Nigeria (FCS), Cameroon, Congo-Brazzaville, Democratic Republic of Congo, Equatorial Guinea, Gabon, Niger, São Tomé and Príncipe, Ashley Bubna - Senior International Trade Specialist Merchandise Trade statistics data for Sub-Saharan Africa (SSF) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as ⦠2017. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. In the case of commodity exporting countries it supports a shift from an over dependence on commodities to higher-value added products and services.3 Economic diversification allows for more inclusion of small and mediumsized enterprises and helps encourage innovation as more markets open. 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