1945

Africa has a big domestic market that possesses significant opportunities. Currently, Africa accounts for 2.9 per cent of the world production and 2.6 per cent of the world trade even though 16.3 per cent of the world population is living on the continent. There are significant economic development gaps both between African and developed countries as well as among African countries. Poverty is still widespread in Africa where 32 out of 48 Least-Developed Countries (LDCs) are located. Intra-African trade has increased in recent years to 15.4 per cent. Nevertheless, Asia and Europe are still the main trade partners of the continent. High dependence on trade in primary goods, high product and market concentration of exports, and weak regional production networks are among the main challenges of African counties. Low performance in trade facilitation indicators is also hampering the development of trade and the economy in the region. For example, many African countries score low in e-commerce, linear shipping connectivity and doing business indicators.

Sustainable Development Goals:
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