Front Matter

Front Matter

Author(s):
Sanjeev Gupta, Kevin Carey, and Ulrich Jacoby
Published Date:
October 2007
    Share
    • ShareShare
    Show Summary Details

    © 2007 International Monetary Fund

    Production: IMF Multimedia Services Division

    Cover Design: Lai Oy Louie

    Typesetting: Alicia Etchebarne-Bourdin

    Cover Photo: © Gideon Mendel/Corbis

    Cataloging-in-Publication Data

    Carey, Kevin Joseph, 1967–.

    • Sub-Saharan Africa: forging new trade links with Asia/Kevin Carey, Sanjeev Gupta, and Ulrich Jacoby—Washington, DC: International Monetary Fund, 2007.

      • p. cm.

    • Includes bibliographical references.

    • ISBN 978-1-58906-667-0

    1. Africa, Sub-Saharan—Foreign economic relations—Asia. 2. Asia—Foreign economic relations—Africa, Sub-Saharan. 3. Africa, Sub-Saharan—Commerce. 4. Africa, Sub-Saharan—Economic conditions. 5. Africa, Sub-Saharan—Economic policy. I. Gupta, Sanjeev. II. Jacoby, Ulrich. III. International Monetary Fund.

    HF3874.C374 2007

    Disclaimer: This publication should not be reported as representing the views or policies of the International Monetary Fund. The views expressed in this work are those of the authors and do not necessarily represent those of the IMF, its Executive Board, or its management.

    Price: $27.00

    Please send orders to:

    International Monetary Fund, Publication Services

    700 19th Street, NW, Washington, DC 20431, U.S.A.

    Telephone: (202) 623-7430 Telefax: (202) 623-7201

    Internet: www.imf.org

    Contents

    Abbreviations

    ACP

    African, Caribbean, and Pacific

    AGOA

    Africa Growth and Opportunity Act

    ATC

    Agreement on Textiles and Clothing (WTO)

    CEMAC

    Communauté Économique et Monétaire de l’Afrique Centrale (Central African Economic and Monetary Community)

    CNOOC

    China National Offshore Oil Corporation

    COMESA

    Common Market for Eastern and Southern Africa

    EBA

    Everything But Arms initiative (European Union)

    ECOWAS

    Economic Community of West African States

    EIA

    U.S. Energy Information Administration

    EU

    European Union

    GEPetrol

    National Oil Company of Equatorial Guinea

    GSP

    Generalized System of Preferences (WTO)

    ISO

    International service outsourcing

    LAC

    Latin America and the Caribbean

    MENA

    Middle East and North Africa

    MFN

    Most-favored-nation

    PRGF

    Poverty Reduction and Growth Facility (IMF)

    RTA

    Regional trade agreements

    SADC

    Southern African Development Community

    SITC

    Standard International Trade Classification

    WTO

    World Trade Organization

    Preface

    Sub-Saharan Africa’s share in world trade has been declining since the 1970s. The growth in many emerging economies in Asia, in particular China, and the associated increased demand for commodities is creating opportunities for the region to reverse this decline and to use trade to promote growth and reduce poverty. This paper examines shifts in sub-Saharan Africa’s trade with different regions since 1985 as well as changes in its composition, including trade in manufactured goods. It also presents estimates on the extent to which sub-Saharan Africa is exploiting its trade potential, using a benchmark model. This is followed by an analysis of the impediments to trade that are specific to the region, and suggestions to tackle these in order to make trade an engine of growth.

    An earlier, shorter version of this paper’s material appeared in the April 2007 issue of the Regional Economic Outlook: Sub-Saharan Africa. The authors wish to thank Benedicte Christensen, Arvind Panagriya, Volker Treichel, Dmitry Gershenson, and Yongzheng Yang for their guidance and help in preparing this paper, and Axel Palmason, Stephen Tokarick, Brad McDonald, Felix Eschenbach, Caroline Freund, Zhiwei Zhang, and Nuno Limão for helpful comments. They are grateful to Gustavo Ramirez for research assistance, Anne Grant for editorial assistance, Emma Morgan for production of the document, and Marina Primorac for coordinating production of the printed publication.

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication