The Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has lamented that despite the vast opportunities that abound, Africa’s share of global trade has remained stagnant at approximately 3% or less for several years now.
She made this known in an exclusive interview with Channels Television recently.
She mirrored a recent report by the Economic Commission for Africa (ECA) which revealed that Africa’s contribution to global trade remains at less than 3%. This figure is primarily attributed to merchandise trade, suggesting that African nations still engage in more trade with countries outside the continent than with each other.
