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Benefits of Intra African Trade

The best way to grow each other is by working with each other to lift each other up. This means that you support me as I support you. In many African countries, Trade is usually within the country and not among the countries. Therefore to enhance the trading activities among all other countries, it is proper to ensure that there few or no restrictions to do business among the African countries. It has been proven by the trading blocks that are already available that the African countries enjoy by trading with each other having few restrictions. The benefits include the following.

There is exchange of technology. It possible for the one African country to have a knowledge of technology that may benefit another country which unless they trade with each other could not have been shared. Therefore the African countries should be open to learn from each so as to enhance their development. This enhances the productions process by making it more efficient. This in turn ensures that the quality of the products is also good.

There is enough labor force in the industry. Allowing free trade areas among the African countries means that people from different African countries can work in other African country without many restrictions. This means that there is free flow of labor for the industries in African countries. Expertise being employed in the industry where they are needed will play a huge role in ensuring the success of industries in the African countries. It also creates employment opportunities for people in the African countries. This in turn reduces the number of unemployed people in the African countries therefore reducing the dependency ratio. When more people are employed, then there are lesser people living in absolute poverty in the African countries. Therefore incorporating intra-trade among African countries is important for development.

African countries by trading with each other can help build better relations among themselves. It is easier to solve disputes that may arise among them if the countries are both benefiting from each other. Coming together in unity means strength which may play a huge role in increasing their market share in their global market. Therefore all African countries as they trade with each other should ensure that they uphold peace. Supporting each other during calamities is also another benefit of intra-trade among African countries. You cannot leave your partner to suffer during an epidemic. You might also need their help when a calamity befalls you too.

Intra-trade allows African countries to build a strong market among them. More good are produced because their demand is high due to the increased number of consumers. There is free of ideas among the trading countries as well as professional expertise. This ensures that imports and exports from other continents are also well regulated. To have positive balance of trade, the trading African countries work together to ensure they export more than they important. This is because the resources are available, they only need to be utilized fully to achieve the best results.

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