Report Projects Africa-Caribbean Trade Potential to USD 1.65 Billion by 2030
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A new report published by the International Trade Centre and African Export-Import Bank estimates that annual trade in goods and services between Africa and the Caribbean could reach up to USD 1.65 billion by 2030, excluding mineral fuels. The report also found that approximately 80% of Africa's annual goods export potential to the Caribbean remains untapped.
From finanznachrichten.de
Why it matters
The analysis highlights significant untapped trade potential between the two regions, despite their shared historical and cultural links. The potential growth suggests opportunities for economic transformation across sectors like agribusiness and manufacturing.
From finanznachrichten.de
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- African UnionSpeculative
The African Union might see validation for its efforts to promote African economic integration and external trade.
- International Finance CorporationSpeculative
Increased trade potential could expand the scope of trade finance and investment for the International Finance Corporation in the Africa-Caribbean corridor.
Keep exploring
The entities involved
-
Africa
continent
-
Caribbean
region to the center-east of America composed of many islands / coastal regions surrounding the Caribbean Sea
Related events
- Brampton announced plans to advance trade and investment opportunities with the Caribbean region.
- Panama is being pitched as a strategic trade and manufacturing gateway connecting the Caribbean, Central America, and South America.
- Promoting economic and cultural exchange across the Caribbean region and within Central America.
- Tropical Shipping maintains service operations in the Caribbean.
- The growth of the Latin American and Caribbean region outpaced the overall increase in global trade.