TRADE: ISSUE BRIEF

BACKGROUND PAPER
(Issue 4)
by Robert Browne, Africa Policy Information Center
Washington, DC, United States
November 1995
Publisher: Africa Policy Information Center
8 pages
The pamphlet says Africa is the largest among the continents in area, second largest in population, and arguably the richest of all in terms of natural resources, its people are among the poorest in the world. The pamphlet discusses the World Trade Organization (WTO), the World Bank, the International Monetary Fund (IMF) and structural adjustment. The pamphlet says two-thirds of U.S. imports from Sub-Saharan Africa are accounted for by a single commodity: petroleum, comprising 20 per cent of total U.S. crude oil imports in 1994. The pamphlet discusses minerals including chromium, cobalt, vanadium and manganese. The pamphlet discusses the General Agreement on Tariffs and Trade (GATT), Trade Related Investment Measures (TRIMS), and the Generalized System of Preferences (GSP). The pamphlet discusses COMESA, SADC and ECOWAS. Contents: U.S. AND AFRICA'S TRADE: PROSPECTS FOR PARTNERSHIP • The U.S. Stake in African Economic Progress • U.S.-Africa Trade Relationships • TABLE 1: U.S. Imports from African Countries (in millions of $) • TABLE 2: U.S. Exports to African Countries (in millions of $) • The Global Trading System Handicaps Africa • U.S. TRADE IN 1994 WITH SELECTED REGIONS AND COUNTRIES, IN MILLIONS OF DOLLARS • Top Seven African Markets for U.S. Exports, 1994 • Top Seven African Suppliers for U.S. Imports, 1994 • Breaking Out of the Colonial Model • U.S. Trade with Africa, 1990-1994, in billions of $ • Elements of a U.S.-Africa Trade Policy • (1) Encouraging the Production of African Products • (2) Countering Harmful Effects of GATT • 3) Liberalization of the GSP • Sub•Saharan Africa's Principal Trade Partners, 1993, in billions of $ • (4) Assisting the Regional Integration Process • (5) Reducing African Debt • (6) Increasing the Provision of Credit • Endnotes • Selected Information Resources • APIC
Used by permission of Africa Action (successor to the Africa Policy Information Center).
Collection: William Minter Southern Africa Papers