Africa stands to benefit from new trade deals and, possibly, from Brexit

The last few months have seen some significant developments for African trade and integration. These advances come at a crucial time for African countries, which have been particularly hard hit by the slump in commodity prices, China’s economic downturn, and higher external borrowing costs. This has resulted in slower GDP growth than expected, currency fluctuations and reduced investment – particularly in resource-rich countries.

New dynamics are emerging as a result of two major developments: first, a set of agreements between regional African blocs and the European Union, as well as between African countries themselves. Second, Brexit may change the thrust of African trade with both the EU and Britain.

Combined, they are likely to have some positive economic implications for Africa.

• Primary Source

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

The Conversation, 29.09.16: Brexit will blow a hole in EU-Africa relations https://theconversation.com/brexit-will-blow-a-hole-in-eu-africa-relations-65925

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