Description

Economic growth is primarily driven by fuel and mineral exports in many countries in the African region. Increased trade and investment cooperation and free trade agreements among the African countries have contributed to falling trade barriers and improved trade relations in the region. Europe and North America remain major destinations for exports. while BRIC and Asia are emerging as major trading partners. Improving political and trade relations with BRIC countries present trade and investment opportunities in fuel, mineral, information and communication technologies, chemicals, and automotive related goods. The article analyses key trends and assesses opportunities for trade growth in Africa and its trading partners.