Feb 05, 2004
Africa's share of world trade fell further in 2002, according to a new trade report, prompting renewed calls for the revival of global trade negotiations that, it is hoped, will increase developing countries' participation in world trade. The World Trade Organisation (WTO) International Trade Statistics 2003 report shows that African merchandise imports and exports grew 2%. This is half the sluggish rate of world trade growth at 4% that year. This pointed to "a further loss in Africa's share of world trade", said the report, which was released at the weekend. Foreign direct investment on the continent also dropped sharply in 2002.
































