In West Africa, National Trade Facilitation Committees (NTFCs) play a central role in driving trade facilitation reforms—from simplifying trade procedures, to improving coordination between private and public sector stakeholders, to digitizing processes. NTFCs help facilitate transparency, increase compliance, and reduce the time and costs of doing business across borders. With support from the Trade Facilitation West Africa (TFWA) Program, NTFCs across the region are working to optimize the implementation of the Trade Facilitation Agreement (TFA) and African Continental Free Trade Area (AfCFTA), building stronger communities, integrated borders, and inclusive economic prosperity.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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Trade creates growth. End of. However, many developing economies don't engage in as much trade as is optimal - at this point, you might want to reflect upon why trade is so beneficial.
So why is intra-regional trade lower than expected in West Africa? In short, it's because of a lack of both physical infrastructure and the social capital required to facilitate trade. The International Finance Corporation is trying to simplify procedures, via trade facilitation, enhance trade.