{"id":5592,"date":"2022-05-17T09:10:41","date_gmt":"2022-05-17T09:10:41","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched"},"modified":"2022-05-17T09:43:47","modified_gmt":"2022-05-17T09:43:47","slug":"new-tool-to-measure-ease-of-inter-africa-trade-launched","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched","title":{"rendered":"New tool to measure ease of inter-Africa trade launched"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>The Economic Commission for Africa (ECA) on Sunday, May 15, launched the first-ever comprehensive tool that measures how easy, or hard, it is to do business between African countries.<\/p>\n

The AfCFTA Country Business Index (ACBI) has three key objectives including assessing the perceived impact of the African Continental Free Trade Area on the private sector\u2019s ability to trade and invest across African borders once the Area is operational.<\/p>\n

The idea that started in 2018 focuses explicitly on the constraints and challenges faced by private businesses, said Stephen Karingi, Director of the Regional Integration and Trade Division of UNECA.<\/p>\n

Its launch was done in a side event during the 54th session of the Economic Commission for Africa (ECA) Conference of Ministers in Dakar, Senegal.<\/p>\n

\u201cIt will be used to identify key challenges that the private sector faces in its cross-border activities,\u201d he said.<\/p>\n

As noted, the tool focuses on African integration by targeting businesses based in and trading across African countries.<\/p>\n

The UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, Vera Songwe, said the ACBI \u201cis yet another measurement infrastructure\u201d that will help assess the extent to which broader developments related to integration and trade are implemented; as well as understand the business sector\u2019s perceptions of trading under free trade agreements already in force in African countries.<\/p>\n

Vera Songwe, the UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, speaks at the 54th session of the ECA Conference of Ministers in Dakar.<\/b><\/p>\n

It is not a measure of what a particular country is doing but a measure of how easy it is for someone in one country to set up a business in another country, Songwe said.<\/p>\n

The Index aims to look at how easy it is to do business between African countries, to trade among each other and how easy it is for a Cameroonian, for example, to set up business in Kenya and vice versa.<\/p>\n

It will help identify bottlenecks and address issues so that the African private sector can conduct business as seamlessly in their country of origin as anywhere else on the continent.<\/p>\n

Following the launch of the Index in 2018, experts began piloting and refining it as a tool to measure and compare the views of businesses across Africa on the implementation of the Area. After phase one, in Cameroon and Zambia, the methodology was refined.<\/p>\n

Surveys were conducted in seven more countries: Angola, C\u00f4te d\u2019Ivoire, Gabon, Kenya, Namibia, Nigeria and South Africa.<\/p>\n

Karingi said they now target to cover 13 countries by July.<\/p>\n

A report with results from the second phase of the roll-out was presented on Sunday. As found out, among others, Karingi noted, cross-border trade is more challenging for female-owned firms, something that policymakers need to pay attention to and help fix.<\/p>\n

In the third phase, the new tool will be rolled out in DR Congo, Egypt, Morocco, Rwanda, Senegal and Tunisia.<\/p>\n

The Index differs from other integration indices, since it is informed entirely by private-sector perceptions, not by secondary data, making it truly representative of African business.<\/p>\n

Prudence Sebahizi, the chief technical adviser on AfCFTA, requested the Economic Commission for Africa to enhance the new tool such that it can, in future, also able to measure or assess the status of rules and regulations that impact on trade \u201cand what interventions can be made to improve trade performance.\u201d<\/p>\n

\u201cMy point is: the ACBI has provided outcomes of national consultations based on private sector perceptions. However, no concrete reasons for such perceptions are provided nor actions proposed to improve the perceptions,\u201d Sebahizi later told The New Times.<\/p>\n

The AfCFTA Secretariat is planning to undertake AfCFTA Trade Policy Reviews that will assess the status of national trade-related policies that affect the implementation of AfCFTA and propose concrete reforms to be undertaken to improve the situation.<\/p>\n

The agreement establishing the AfCFTA officially became operational in 2021. The objectives of the Area are to create a single, continent-wide market and to enhance competitiveness at the enterprise level.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. The Economic Commission for Africa (ECA) on Sunday, May 15, launched the first-ever comprehensive tool that measures how easy, or hard, it is to do business between African countries. The AfCFTA Country Business Index (ACBI) has three key objectives including assessing the perceived impact of the African Continental Free Trade Area on […]<\/p>\n","protected":false},"author":84,"featured_media":5591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[291,293,292],"class_list":["post-5592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nNew tool to measure ease of inter-Africa trade launched - Sierra Leone<\/title>\n<meta name=\"description\" content=\"The Economic Commission for Africa (ECA) on Sunday, May 15, launched the first-ever comprehensive tool that measures how ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New tool to measure ease of inter-Africa trade launched\" \/>\n<meta property=\"og:description\" content=\"The Economic Commission for Africa (ECA) on Sunday, May 15, launched the first-ever comprehensive tool that measures how ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-17T09:10:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-17T09:43:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/05\/postQueueImg_21-62836e401b5ca.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1232\" \/>\n\t<meta property=\"og:image:height\" content=\"757\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New tool to measure ease of inter-Africa trade launched\",\"datePublished\":\"2022-05-17T09:10:41+00:00\",\"dateModified\":\"2022-05-17T09:43:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\"},\"wordCount\":686,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/05\/postQueueImg_21-62836e401b5ca.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/new-tool-to-measure-ease-of-inter-africa-trade-launched\",\"name\":\"New tool to measure ease of inter-Africa trade launched - 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