African agricultural trade: recent and the future
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African agricultural trade : recent and the future. / Jensen, Hans Grinsted; Sandrey, Ron.
In: African Journal of Agricultural and Resource Economics, Vol. 10, No. 2, 2015, p. 146-157.Research output: Contribution to journal › Journal article › Research › peer-review
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RIS
TY - JOUR
T1 - African agricultural trade
T2 - recent and the future
AU - Jensen, Hans Grinsted
AU - Sandrey, Ron
PY - 2015
Y1 - 2015
N2 - This article starts with a profile of African agricultural trade. Using the pre-release version 9.2 of the GTAP database, we then show that the results for tariff elimination on intra-African trade are promising, but these tariff barriers are not as significant as the various trade-related barriers outside of tariffs. Impressive results were forecast by simulating both a 50% reduction in what can be considered traditional non-tariff barriers and a modest 20% reduction in the costs associated with transit time delays at customs, terminals and internal land transportation. Gains from tariff elimination, non-tariff barrier reductions and time in transit cost reductions are likely to be cumulative and would generate very large gains to Africa. The policy implications are clear: while cooperation will enhance the gains, much of the benefits will result from unilateral actions andregional cooperation that does not need the long and drawn-out processes associated with FTA negotiations.
AB - This article starts with a profile of African agricultural trade. Using the pre-release version 9.2 of the GTAP database, we then show that the results for tariff elimination on intra-African trade are promising, but these tariff barriers are not as significant as the various trade-related barriers outside of tariffs. Impressive results were forecast by simulating both a 50% reduction in what can be considered traditional non-tariff barriers and a modest 20% reduction in the costs associated with transit time delays at customs, terminals and internal land transportation. Gains from tariff elimination, non-tariff barrier reductions and time in transit cost reductions are likely to be cumulative and would generate very large gains to Africa. The policy implications are clear: while cooperation will enhance the gains, much of the benefits will result from unilateral actions andregional cooperation that does not need the long and drawn-out processes associated with FTA negotiations.
M3 - Journal article
VL - 10
SP - 146
EP - 157
JO - African Journal of Agricultural and Resource Economics
JF - African Journal of Agricultural and Resource Economics
SN - 1993-3738
IS - 2
ER -
ID: 135819419