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

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

Many believe that agricultural exports can be made to once again contribute substantially to export earnings. In addition to the traditional export commodities, it is believed that Africa has significant potential for export of the following products: horticulture, Soya beans, shrimps, fish, cashew nuts, and gum Arabic. Note that in order to have a reasonable chance of success, government should vigorously promote improvements in rural infrastructure, enhance extension delivery services, undertake aggressive marketing, provide comprehensive agricultural trade information and offer other requisite incentive packages and trade support infrastructure.

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) To learn more about this author, visit African Development Bank's Website.

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4.4 References: Economic Report on Africa 2007
  References
Concluding Remarks: Enhancing Africa’s Trade: From Marginalization to an Export-Led Approach to Development
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African Development Bank
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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.
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