Tweet

Export Promotion Policies in African Countries: New Approaches to Trade Development in Africa

Guest post by: African Development Bank

Article Overview: Export promotion is a wide-ranging policy initiative that has many components and dimensions.

Export Promotion Policies in African Countries: New Approaches to Trade Development in Africa

Export promotion is a wide-ranging policy initiative that has many components and
dimensions. Policies and strategies for export promotion are designed to:
· enhance the marketability of exportables through product diversification and quality
improvement;
· strengthen and improve the institutional framework for providing better support
services to exporters and export-oriented industries;
· establish backward linkages between export-oriented industries and primary sectors
for the utilisation of local raw materials;
· attract an increased number of entrepreneurs for setting up export-oriented industries
and encourage them through the provision of suitable incentive packages, as well as
appropriate human resources development programmes for the promotion of
entrepreneurial and managerial skills in the context of a competitive international
environment;
· expand and consolidate existing export markets as well as create new markets for
African exportables;
· ensure the removal of procedural and regulatory bottlenecks incompatible with the
attainment of the objectives of an export-led growth policy;
· promote programmes for developing export-oriented knowledge-based resources,
including computer software, Internet facilities and electronic commerce, engineering
and consultancy services;
· diversify and increase the exportation of high value-added manufactured products,
that depend on the natural resources where Africa has comparative advantage; and
· encourage the acquisition and adaptation of environment-friendly technologies to
ensure that African products meet the required international standards.

African Development Bank
Economic Research Working Paper Series
Enhancing Africa’s Trade: From Marginalization
to an Export-Led Approach to Development
Milton A. Iyoha
Professor, Department of Economics & Statistics
University of Benin, Nigeria
Economic Research Working Paper
No 77 (August 2005)

Related Articles
  SMEs - opportunities in Africa
  6.0 The Way Forward: Economic Report on Africa 2007
  III. C. Commercial Policies: THE ROLE OF CHINA’S PUBLIC SECTOR
  Removal of Barriers and Enhancement of Market Access: Barriers to African External Trade
  4.4 References: Economic Report on Africa 2007

Article Tags: african development bank, based resources, comparative advantage, consultancy services, department of economics, electronic commerce engineering, export promotion, friendly technologies, human resources development, incentive packages, including computer, institutional framework, international environment, internet facilities, managerial skills, marginalization, policy initiative, product diversification, university of benin, university of benin nigeria



Related Forum Posts
Re: Newbie from Africa - [quote="Evan":22gvtxlq]Welcome to the forums Biiyke! You asked if we know any sellers who were trying to reach the African market... I think you'd honestly have more luck going the other way - try to find sellers in Africa and sell to the rest of the world.[/quote:22gvtxlq] Hello Evan, You are absolutely correct.Thank you for your advice.That's actually the whole idea,Africa to the world and the world to Africa. So I will throw more weight on that area.
Re: How will an african make money truely on the net? - Is it possible for an African business to set up an "offshore" account in the US or England... or even Switzerland... where all monies are paid? And a trusted agent there, who gets a percentage of any money, can then take that money from paypal and wire it or mail it or whatever to an African bank? There are lots of countries in Africa, is this a problem in all of them? Seems like an internet entrepreneur who can set up a "Paypal" like company of their own might be able to make money on this... ? Course you'd need governmental contacts...
Re: Newbie from Africa - [quote="MichelleJ":1mn7d7fx]Hello Biiyke Welcome to the forum. Which part of Africa are you from it is quite a big continent? I live in South Africa. MichelleJ[/quote:1mn7d7fx]Hello MichelleJ,Nice to hear from you.I live in Nigeria.I am also trying to reach the South African market because I know You guys have a lot of unique stuff to show the world!
Re: How will an african make money truely on the net? - [quote="OmnivoreInk":koqfopnc]Is it possible for an African business to set up an "offshore" account in the US or England... or even Switzerland... where all monies are paid? And a trusted agent there, who gets a percentage of any money, can then take that money from paypal and wire it or mail it or whatever to an African bank? There are lots of countries in Africa, is this a problem in all of them? Seems like an internet entrepreneur who can set up a "Paypal" like company of their own might be able to make money on this... ? Course you'd need governmental contacts...[/quote:koqfopnc] Hi Topeyinka I don't know what products you sell, but if they are digital how about selling them through Clickbank. They will handle the sale for you and will send you cheques on the money you have earned. MichelleJ
Re: Newbie from Africa - Welcome to the forums Biiyke! You asked if we know any sellers who were trying to reach the African market... I think you'd honestly have more luck going the other way - try to find sellers in Africa and sell to the rest of the world.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The new marketing question. Will they follow?

Multilevel Marketing: 4 Tips To MLM Success

The Right Job - Part Five 'Compensation'

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.