Toward a Pan-African Trading Area
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 23 October 2006
⏱️ 6 minutes
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Transcript
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| 0:00.0 | Welcome. This is Anastasia Yuglova bringing you the Cato Daily Podcast. |
| 0:04.4 | Be sure to log on to our website www. Cato.org for a full archive of our |
| 0:10.0 | podcast as well as many other audio offerings. |
| 0:14.5 | Africa is one of the most protectionist regions in the world with high tariff and non-tariff barriers |
| 0:19.1 | that prevent Africa from reaping the benefits of free trade. |
| 0:23.0 | It is hypocritical for African leaders to call for greater access to global markets while rejecting |
| 0:27.4 | trade openness at home. |
| 0:29.5 | At a forum on Friday, Andrew Mitchell, member of Parliament and Shadow Secretary of State for |
| 0:33.9 | International Development, proposed a pan-African free trade agreement to |
| 0:37.9 | liberalize intra-African trade. In today's podcast he answers some questions |
| 0:42.2 | about his plan. |
| 0:44.0 | Can you explain your support for a pan-African trading area? |
| 0:47.0 | Yes, it's really born out of the current state of the WTO negotiations. |
| 0:52.0 | It doesn't run counter to the WTO negotiations. |
| 0:54.4 | But it's trying to explain that there is a huge amount of trading |
| 0:58.2 | that could take place between countries in Africa, |
| 1:01.6 | South, South trade, if you like, and we need to facilitate that. |
| 1:05.7 | There are all sorts of blockages. |
| 1:07.0 | Some of them are tariff blockages. |
| 1:08.8 | Some of them are physical blockages. |
| 1:10.6 | But what I'm doing today is making the case for a free trade area across Africa, which would allow a lot of intra-African trade to take place and which would help to lift Africa out of the poverty in which so many of its people now live. |
| 1:25.2 | How much of African trade is currently comprised of trade with other African countries? |
... |
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