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Africa losing out on billions in trade: World Bank

Monday, February 13, 2012
Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent, the World Bank said Tuesday. "It is easier for Africa to trade with the rest of the world than with itself," the World Bank said in releasing a new report that examines the barriers that stifle cross-border trade within Africa. The report comes on the heels of an African Union summit in Ethiopia at which leaders called for a continental free-trade area by 2017.
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