Michael Cook at African Liberty writes:
The assumption is that dismantling so-called North-South trade barriers, cancelling subsidies by rich countries to their farmers and manufacturers, and an end to dumping their products on poor countries will provide a quick but enduring fix that will help the poor to trade out of poverty.
On average, sub-Saharan African countries impose a 34% tariff on agricultural products from other African countries and 21% on manufactured goods--the most protectionist region on Earth. International agencies estimate that eliminating such tariffs would generate immediate gains to sub-Saharan economies of $1.2billion...[continue reading]
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