10 Benefits of the trading block to the African economy

Trading Blocs in Africa.

                – The common market for Eastern and Southern Africa (COMESA)

                – The East African co-operation (EAC).

                – Southern African Development community.  (SADC)

                – Economic Community of West Africa.   (ECOWAS)  

Benefits of trading blocks

  • They create a large market for goods to be bought and sold.
  • They help to create harmony and co-operation among the member states.
  • The reduction of tariffs makes the goods cheaper to the people in the regions.
  • The expanded market for goods has promoted industrial development as the demand for goods increases.
  • Interstate trade has encouraged the development of transport and communications.
  • The trade between the countries has created job opportunities which have led to a high standard of living.
  • Trade in the region has stimulated agricultural development.
  • Has reduced the reliance of countries in Africa on goods and services from other parts of the world.
  • They have made it easier for goods to be readily available to the people of the

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