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Connecting Aid for Trade with Africa’s Priorities to Boost Intra-African Trade (Countdown to 2018 SBL Conference – 3 Days to go)
It is clear that Aid for Trade continues to be an important source of support to African countries in the development of their trade and productive capacity. To ensure that Aid for Trade supports Africa’s development in a sustainable and effective way, it is crucial that it is well-aligned with the continent’s priorities. The Boosting Intra-African Trade Action Plan could be a useful document in this regard. This and many of such topics would critically analysed by speakers and panelists from all works of life at the 2018 NBA-SBL Business Law Conference holding in Abuja.
The Action Plan was developed as a document to outline a programme of activities to address priority constraints to African regional trade. The Action Plan builds on initiatives is already adopted by the policy organs of the African Union Commission. This includes programmes such as the Action Plan for Accelerated Industrial Development for Africa, Programme for Infrastructure Development in Africa, and Minimum Integration Programme. It was therefore not meant as a new framework, but rather brings previous plans together to address Africa’s trade challenges in a consistent way.
Boosting Intra-African Trade Action Plan requires a well-rounded approach, recognizing that the elimination of tariffs, even when combined with infrastructure and trade facilitation, is not enough. There is a need to take action on productive capacity and finance, among other things. For Aid for Trade, so many links are recognized through productive capacity support, second only to transport infrastructure.
Trade requires connectivity. The Boosting Intra-African Trade Action Plan and its priority initiatives can in fact address connectivity in several areas: physical, regulation and policy, finance, information, production and movement of people.
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The rise of e-commerce and digital connectivity into trade policy could be significant in delivering more benefits for a wider range of beneficiaries, particularly those previously disadvantages, such as micro, small and medium-sized enterprises and women owned enterprises. Intra-African Trade in African could be of great benefit by improvement of roads and access to markets easier in an environment where information is scarce and costs is extremely high. In such situations Digital connectivity may aid innovations in trade facilitation, including single windows.
These are exciting new developments, but the opportunities introduced by digital connectivity are still hindered by “old” issues. Therefore, the introduction of new issues is not in contradiction to the priorities set out in the Boosting Intra-African Trade Action Plan, but rather builds on them.
In addition to observing the trends in flow of funds, understanding the contribution of Aid for Trade towards connectivity and development in Africa requires also an analysis of the priorities and real-life experiences of the recipients and their partners. The monitoring and evaluation exercise conducted provides important information in this regard.
The 2018 NBA Section on Business Law is ready to evaluate the various Intra-African Trade Action Plan and the emerging issue of digital connectivity.
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