The average import bill on the African continent reached a total of US$80 billion, a growth of about 6,0 percent per year ─ according to a FAO statement read by African Markets ─ in the launch of a guide (table) to boost intra-African trade in agricultural products and services, in a forum organized by the African Union and the United Nations Food and Agriculture Fund (FAO) this Friday, April 16th.

According to the same statement, the continent's food demand exceeds domestic supply by twenty percent (20 percent), and, to that end, the continent should take advantage of fast-growing intra-African market opportunities.

In this sense, he points out the agriculture sector as crucial, but which should undergo a structural transformation, which implies a change from production systems oriented towards the subsistence market to others that guarantee benefits for the most vulnerable segments of the population, such as the small ones. farmers, rural women and linking farmers to regional and global value chains.

Speaking at the meeting, the African Union Commissioner for the Department of Agriculture, Rural Development, Blue Economy and Sustainable Environment, Josefa Correia Sacko acknowledged, on the other hand, “the important role that the agricultural sector in Africa plays as a dominant sector of the economy , in terms of contributing to GDP growth, employment and trade, as African Heads of State pledged to promote intra-African trade in agricultural products and services, markets and trade opportunities locally, regionally and internationally”.

To that end, the Heads of State resolved to triple, by the year 2025, intra-African trade in agricultural products and services, create and improve policies and institutional conditions and food support systems, simplify and formalize current commercial practices, as well as accelerating the establishment of the African Continental Free Trade Area (CAFTA) and the transition to a Continental Common External Tariff (TEC) scheme.

by the newsroom

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