.…It costs Africans 20% more to trade within Africa than with other continents – Okonji Iweala
Ngozi Okonjo-Iweala, director-general (DG) of the World Trade Organisation (WTO), says it costs Africans about 20 percent more to trade within Africa than with other regions of the world.
In an interview with CNN’s Christiane Amanpour, posted on Tuesday, Okonjo-Iweala said while the continent has a lot of resources, it must address structural challenges that continue to limit growth and trade integration.
She described the African Continental Free Trade Area (AfCFTA) as “one of the best things” for boosting intra-African trade but stressed that its implementation needs to be accelerated. thecable.ng/okonjo-iweala-…