Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty.
Aid for Trade is a development initiative that seeks to remove barriers to trade facing developing countries. International trade and development economics professor Bedassa Tadesse, who recently co-wrote a paper on Aid for Trade, unpacks what the initiative is doing to solve Africa’s trade problems.
