In 2035, on the condition that there are no new policy implementations in international trade in Africa (baseline scenario), intracontinental imports in Africa are expected to cover 18 percent of the total imports. This would represent an increase from 12 percent in 2020. On the other hand, under African Continental Free Trade Area (AfCFTA) initiatives, intra-AfCFTA imports are forecast to account for 25 percent of the total imports. In May 2019, the AfCFTA agreement officially entered into force after 22 African countries had ratified it. The agreement sought to boost inter-regional trade.
Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario
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World Bank. (July 27, 2020). Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/
World Bank. "Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario." Chart. July 27, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/
World Bank. (2020). Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/
World Bank. "Share of Intra-african Continental Free Trade Area (Afcfta) Imports in Total Imports in 2020 and 2035, by Scenario." Statista, Statista Inc., 27 Jul 2020, https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/
World Bank, Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario Statista, https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/ (last visited November 21, 2024)
Share of intra-African Continental Free Trade Area (AfCFTA) imports in total imports in 2020 and 2035, by scenario [Graph], World Bank, July 27, 2020. [Online]. Available: https://www.statista.com/statistics/1332311/share-of-intra-afcfta-imports-in-total-imports/
