World Bank: 60% of Africa’s trade costs come from within countries

Nigeria, Others Need Regulatory Overhaul To Cut Trade Costs – W/Bank

Nigeria and other African economies face significant trade costs arising from regulatory, logistical and institutional barriers within countries, with about 60 per cent of total trade costs across the continent attributed to behind-the-border constraints, the World Bank has said. The global development institution said the finding underscores the need for African countries to look beyond tariffs and customs duties in their efforts to deepen regi…

World Bank: 60% of Africa’s trade costs come from within countries

Africa’s biggest trade obstacles are occurring within countries rather than at the border, with about 60% of total trade costs coming from behind-the-border barriers, according to a World Bank report. The post World Bank: 60% of Africa’s trade costs come from within countries appeared first on Nairametrics.