Arab Africa Trade Bridge

ARAB-AFRICA FOREIGN TRADE BRIDGES: UNLEASHING THE POTENTIAL FOR SUSTAINABLE ECONOMIC GROWTH THROUGH ENHANCED REGIONAL ECONOMIC COOPERATION

 


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The Arab and Africa regions, at the mid of increasing global economic and social challenges, are experiencing significant level of economic growth. In 2010, the total trade volume of the Arab Countries reached USD 1,128 billion, whereas the total volume of trade of the Africa has was around USD 566 billion, showing the untapped potential to develop regional trade, which will produce continuous economic growth and employment for both region.

The volume of inter-regional trade is still low. However, there are great untapped potentials for commercial partnership particularly for some sectors like machinery, electrical equipment, agricultural inputs such as fertilizers, agro-food industries, health and pharmaceutical industries. 

“Arab-Africa Foreign Trade Bridge” is a regional trade promotion program aims at addressing some of the challenges faced in promoting trade between the two regions. Trade Promotion Committee of the Coordination Group, proposed the following solutions & tools to address the main challenges limiting the business society and concerned trade authorities of the countries in the regions to benefit from the existing trade potentials.

Objectives

  • Enhance the potential of importing products of Arab origins into African countries.
  • Create a platform to allow for business exchange and raising awareness.
  • Bring together exporters from Arab countries with importers from Africa.
  • Provide an opportunity for exporters to present their exportable products
  • Provide opportunities for trade finance and export credit insurance to present their services and products.

 

 

Main Challenges

Proposed Solutions & Tools

1

Lack of Information on Market Opportunities

Creation of a platform to allow exchange of information

  • Forums
  • Buyers/Sellers Meetings (most demanded sectors)
  • Specialized Exhibition
  • Promotional Publications
  • Establishment of Online Platform
  • Coordination with Chambers and business unions

2

Lack of Information on Companies Profiles (Potential Exporters and Importers)

3

Lack of Information on Trade Laws and Regulations

4

Lack of sufficient cooperation among trade related institutions

Enhance engagement of other trade related organizations, institutions

  • Forums
  • Promotional material, bi-lateral and multi-lateral events, co-organized activities

5

Inadequate awareness of Trade Finance and Credit Insurance facilities

Creating awareness about the instruments of financing and credit insurance

  • Media campaign
  • Outreach program
  • 7th Afro-Arab Trade Fair
  • Country specific awareness seminars

 

Contact Us

  • P.O. Box 55335, Jeddah 21534
  • Kingdom of Saudi Arabia
  • Tel: +966 12 646 8364
  • Fax: +966 12 637 1064