“The sector expected to realise the largest export potential following the tariff liberalisation is the vehicles industry. Overall, tariff liberalisation promises an additional export potential of 18% by 2025,” according to the report. By 2025, the UNCTAD report projects intra-African trade will rise by $9.2 billion through partial tariff liberalisation under the AfCFTA. UNCTAD puts Africa’s total untapped export potential of intra-African trade at $21.9 billion – if all countries liberalised fully within five years. These countries, together with Somalia and South Sudan are all expected to increase their export potential in Africa by more than 100%.

Source: The North Africa Journal December 14, 2021 14:14 UTC