ECOWAS is a regional economic group binding together 15 West African countries. One of its main goals is to ensure the smooth and free movement of goods, services and member States citizens within the bloc and to improve economic integration. As such, one would expect a significantly higher intra-regional trade volume compared to trade with rest of the world. This is however not the case. Even though it is on the increase direction-ally, it is still significantly lower than merchandise trade with high income economies. In fact, Intra-African trade is the lowest compared to intra-regional trade in other continents.
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Analyst Kingdom is a place where you can read about data-driven insights and notes about economic, financial, social and cultural subjects regarding Africa.
Looking at how the different countries on the continent have evolved throughout the years, we can get a good picture as to where they are headed.
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