The head of the International Monetary Fund is urging African countries to implement the Africa Continental Free Trade Area.
Speaking Friday in Nairobi, Kristalina Georgieva said intracontinental trade could grow by 53% if steps are taken to remove trade barriers and improve logistics and transportation.
"If Africa decides to follow our science for example and bring trade barriers from 6% down to 1%, that would be a major step," she said. Ngozi Okonjo Iweala, head of the World Trade Organization, praised the agreement, but said that to make it work, it's imperative to reduce the cost of trading within and outside Africa.
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