Despite a free trade deal signed by the African Union in 2019, business leaders say costs and delays are hampering African corporations fighting to compete with low-cost rivals. – AFP pic, June 11, 2023.
MORE than four years ago, African countries gave the ceremonial push to a deal to scrap internal trade barriers – a historic scheme that would create a continent-wide single market worth trillions of dollars. But African business leaders say cross-border trade remains entangled in customs duties, administrative hurdles and varying national regulations.
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