Commission Launches Tool to Measure Ease of Inter-Africa Trade
James Karuhanga for The New Times reports that the Economic Commission for Africa (ECA) has launched the first-ever comprehensive tool that measures how easy, or hard, it is to do business between African countries.
The AfCFTA Country Business Index (ACBI) has three key objectives including assessing the perceived impact of the African Continental Free Trade Area on the private sector's ability to trade and invest across African borders once the Area is operational.
The idea that started in 2018 focuses explicitly on the constraints and challenges faced by private businesses, said Stephen Karingi, Director of the Regional Integration and Trade Division of UNECA.
Its launch was done in a side event during the 54th session of the Economic Commission for Africa (ECA) Conference of Ministers in Dakar, Senegal.
The tool focuses on African integration by targeting businesses based in and trading across African countries. It will help identify bottlenecks and address issues so that the African private sector can conduct business as seamlessly in their country of origin as anywhere else on the continent.
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