Export Promotion Strategies for Manufactured Goods: New Approaches to Trade Development in Africa

Guest post by: African Development Bank
Become an Author

Free PDF Download
References: Human Capital and Economic Development - By African Development Bank

It is well known that the gains from export of processed and manufactured goods are
greater than those from exporting primary commodities largely because of the higher
value added. Therefore most developing countries aim at supplementing the exportation
of primary products with the export of manufactures, and eventually, like the Asian
Tigers, concentrating on processed and manufactured exports.
It is apparent that specific steps and measures need to be adopted and implemented in
order for African countries to be successful exporters of manufactured goods in an
increasingly competitive global environment. To effectively pursue the trade policy in
industry, a number of constraints which currently impede the export of manufactured
goods must be addressed with the zeal they deserve. Among such constraints are:
· inadequate infrastructural facilities;
· excessive import dependence;
· lack of export awareness or culture of export among Nigerian manufacturing
establishments;
· policy instability and lack of predictability;
· significant price and exchange rate instability;
· low level and high cost of funds for industrial development;
· insufficient emphasis on R & D activities;
· inappropriate technologies; and
· ineffective regulatory institutions which manifest in e.g. ports difficulties, export
bottlenecks, bureaucratic delays and rent seeking.

It is clear therefore that Africa currently has export potentials in many lines of products.
Import of technology and adaptation of currently available techniques would permit entry
to other areas like assembly of electronic products and exportation of metal products.

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)

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

Concluding Remarks: Enhancing Africa’s Trade: From Marginalization to an Export-Led Approach to Development

New Approaches to Trade Development in Africa

4.4 References: Economic Report on Africa 2007

Export Promotion Strategies for Primary Products: New Approaches to Trade Development in Africa

II.a Merchandise Trade: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA

Export competition and export subsidies: Provisions of Agreement on Agriculture

Changing “Brand Africa”, an International Trade Forum magazine feature

Removal of Barriers and Enhancement of Market Access: Barriers to African External Trade

6.4 Industrialization policies key to deepened diversification: Economic Report on Africa 2007

SMEs - opportunities in Africa

III. C. Commercial Policies: THE ROLE OF CHINA’S PUBLIC SECTOR

V. A. Markets for Exports: AID VS. COMMERCE: FACTORS INFLUENCING THE GROWING TIES

IV. A. Private Traders: THE ROLE OF THE PRIVATE SECTOR

5.1 There can be little diversification without an optimal trade policy: Economic Report on Africa 2007

3.0 Global Development Challenges for Africa in 2006: Economic Report on Africa 2007

Implications of the New Agreement for Africa’s Export Trade

Moving Forward: International Community

CONCLUSION: What Drives China’s Growing Role in Africa?

5.4 References: Economic Report on Africa 2007

Home > African-Accounts > African Development Bank > Export Promotion Strategies for Manufactured Goods New Approaches to Trade Development in Africa > Google +

Free PDF Download
References: Human Capital and Economic Development - By African Development Bank

About the Author: African Development Bank

RSS for African's articles - Visit African's website
The African Development Bank is the premier financial development institution of Africa, dedicated to combating poverty and improving the lives of people of the continent and engaged in the task of mobilizing resources towards the economic and social progress of its Regional Member Countries.The Bank’s s mission is to promote economic and social development through loans, equity investments, and technical assistance. The ADB is a multilateral development bank whose shareholders include 53 African countries and 24 non-African countries from the Americas, Asia, and Europe. It was established in 1964, with its headquarters in Abidjan, Côte d’Ivoire, and officially began operations in 1967.
Click here to visit African's website.

More from African Development Bank
The role of human and physical capital in growth The Effects of Human Capital on Economic Development
Concluding Remarks Enhancing Africas Trade From Marginalization to an ExportLed Approach to Development
Provisions of Agreement on Agriculture
MFI structural inconsistencies and mismatch for poverty reduction Tenets of Microcredit for Poverty Reduction
Group Mobilisation Tenets of Microcredit for Poverty Reduction

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Featured Blog

Iridium consulting Blog
By Colin Graves, Iridium Consulting

Export Promotion Strategies for Manufactured Goods: New Approaches to Trade Development in Africa

Related Articles

Related Forum Posts

Share this article. Fund someone's dream.


Name:
Email: