Africa Update: ‘Trade between Commonwealth countries to hit $1tr by 2020’

World Update: Tokyo stocks open flat ahead of Trump-Kim summit
June 11, 2018
Nigeria Update: Market capitalisation up by N63 billion in bullish trading
June 12, 2018

Africa Update: ‘Trade between Commonwealth countries to hit $1tr by 2020’

The International Trade Centre (ITC) has announced that the trade between commonwealth countries estimated to be about $700 billion in 2015 is expected to hit $1 trillion by 2020.

The Senior Adviser, Empowerment, ITC, Nicholas Schlapher, explained that the opportunities that abounds in the commonwealth market are limitless, pointing out that ITC would be working across commonwealth countries including Nigeria to provide solutions on policy issues specifically to help drive women in business.

According to him, ITC would be providing technical assistance to Nigeria’s agricultural, power and service sectors, stressing that agriculture is key to drive economic growth in Nigeria considering the huge role it plays by contributing over 20 per cent to the Gross Domestic Product (GDP) and employing 45 per cent of the population.

Comments are closed.