Integration of Africa in the global trading system: the challenges of building trade and trade-related capacity: WTO/ECA/ADB Short Trade Policy Course by K.Y. Amoako Executive Secretary

Abstract

Statement by K.Y. Amoako Executive Secretary at the WTO/ECA/ADB Short Trade Policy Course on the theme of Integration of Africa in the Global Trading System: The Challenges of Building Trade and Trade-Related Capacity. Dr. Amoako, on his remarks highlighted that; Africa needs to be more effectively integrated in the global trading system to take full advantage of larger markets created by globalization and liberalization. Countries that have integrated effectively into the global economy have done so through outward oriented and market friendly policies that allow them to benefit from increased capital flows, technology advances, cheaper imports, and greater export markets. The Doha WTO Ministerial Declaration recognized the vulnerably of the least-developed countries, many of which are in Africa, and particularly the special structural difficulties they face in the global economy. ECA, intends to develop a comprehensive training programme at the ECA African Institute for Economic Development and Planning (IDEP) in Dakar, Senegal, for African trade negotiators to enhance their capacities and skills for effective participation in multilateral trade negotiations.