LOOKING AT CFTA WITH STATISTICAL LENSES Edward Chisanga, UNCTAD Trade Negotiations, Commercial Diplomacy Branch 1 • I HAVE PREPARED MANY STATISTICS. • But LET ME SHARE WITH YOU 6 STATISTICS YOU SHOULD NOT IGNORE IN CFTA TRADE LIBERALIZATION • LET ME START WITH FUNDAMENTALS OR THE FACTORS THAT MAKE TRADE WORK 2 • Limited production and productivity is at the heart of Africa's trade problem. This was repeated yesterday. 3 16.0 14.0 12.0 Ghana Nigeria Africa 10.0 8.0 6.0 4.0 2.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 4 2013 Africa Asia ECOWAS Agriculture, 359,115 Manufacturing 225,397 Agriculture, 1,818,347 Manufacturing 4,471,635 Agriculture, Manufacturing 147,838 58,320 5 Africa 1970 2013 Agriculture 23 16 Manufacturing 13 10 29 23 6 9 ECOWAS Agriculture Manufacturing 6 World Viet Nam Africa 1995 2014 $ 3.7 Trillion $12.2 Trillion $2.3 Billion $107.8 Billion $28.3 Billion $105.5 Billion 7 2014 8 Countries 80% ECOWAS 13% 8 Benin Burkina Faso 2013 36 34 Cabo Verde 9 Côte d'Ivoire Gambia Ghana Guinea 29 23 22 27 9 Guinea-Bissau Liberia Mali Niger Nigeria Senegal Sierra Leone Togo 47 70 38 40 21 16 49 45 10 Benin 2013 2,743 Burkina Faso 3,970 Cabo Verde Côte d'Ivoire 149 7,624 Gambia 199 Ghana Guinea 10,219 1,676 11 Guinea-Bissau Liberia Mali Niger Nigeria Senegal Sierra Leone Togo 470 1,263 3,774 2,755 106,900 2,117 2,358 1,621 12 2014 [TOTAL] Total all products [333] Petroleum oils, oils from bitumin. materials, crude [334] Petroleum oils or bituminous minerals > 70 % oil Account for 22,775,464 9,941,370 3,260,356 13,201,725 58% 13 Total all products 1995 2014 $2.8 billions $22.7 billions Primary commodities 72% 80% Manufactured goods 28% 20% 14 • • • • • • • Ships & boats $ 856m? Lime of $500m per year? Perfumery of $ 262m? `Vegetables of $ 253m? Tobacco, $233m? Fertilisers $184m? Footwear $143m? 15 16 Africa Asia Exports $ Billion 87.1 $ Trillion 3.7 Imports $ Billion 91.0 $ Trillion 3.3 Trade balance $ Billion -4.1 $ Trillion 0.4 17 AFRICA South Africa ASIA Malaysia 2014 $ Billions 87.1 27 $ Trillion 3.7 Billions 141 18 19 2014 Africa ECOWAS Benin World 554,423,341 Africa 87,083,085 World 138,712,327 Africa 22,775,464 World 2,010,161 Africa 662,817 20 Burkina Faso Cabo Verde Côte d'Ivoire Gambia Ghana World 2,488,727 Africa 527,157 World 80,602 Africa 1,100 World 12,985,053 Africa 4,213,663 World 103,937 Africa 31,672 World 12,151,215 Africa 2,031,702 21 Guinea World Africa 701,861 51,133 1,492,350 27,260 Guinea-Bissau World Africa Liberia World Africa Mali World Africa Niger World Africa 23,845 597 820,000 3,615 442,996 335,775 273,417 118,678 162,000 706 582,900 1,171 2,100,000 844,245 1,500,000 667,123 World Africa World Africa 12,342,000 893,733 993,292 247,393 97,000,000 11,618,998 2,813,661 1,304,495 World Africa World Africa 42,002 2,613 382,754 72,580 1,891,721 19,768 1,350,000 823,589 Nigeria Senegal Sierra Leone Togo 22 2014 DIFFERENCE Côte d'Ivoire Africa Ghana ECOWAS 2,692,269 Africa 2,031,702 ECOWAS Nigeria 4,213,663 Africa ECOWAS 656,977 1,521,394 10,146 11,618,998 5,357,806 6,261,192 23 2014 Africa Intra-exports $87 billions 20 Countries account for 91% 32 Countries account for 9% 24 Togo Senegal Mali Niger Benin Côte d'Ivoire Gambia 2014 61.0 46.0 40.0 44.0 33.0 32.0 30.0 25 Burkina Faso Cabo Verde Ghana Guinea Guinea-Bissau Liberia Sierra Leone 21 1 17 2 0 0 1 26 27 1995 20.9 0.6 2014 26.2 0.8 Burkina Faso 0.8 0.6 Cabo Verde 0.0 0.0 Cote D'Ivoire 6.1 4.8 Gambia Ghana Guinea 0.0 0.8 0.4 0.0 2.3 0.0 ECOWAS Benin 28 Guinea Bissau 0.0 0.0 Liberia Mali Niger Nigeria 0.0 2.4 0.9 6.5 0.0 1.0 0.8 13.3 Senegal 1.8 1.5 Sierra Leone 0.0 0.0 Togo 0.5 1.0 29 • • • • What do we learn from these statistics in terms of policy options? Matching country production & productivity with CFTA ambitions is key. Capacity building in understanding basic statistics for negotiations is important too. Follow the EU model in supporting weaker countries: Establish a Fund 30 Edward.Chisanga@unctad.org 31