Harnessing rather than suppressing informal trade can give Africa a boost

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From: CUTS International

Harnessing rather than suppressing informal trade can give Africa a boost

Food and Agriculture Organisation of the United Nations

May 25, 2017

FAO study offers policy guidance for linking half of all cross-border trade to development goals

Africa's vast but informal cross-border trade can contribute to improving livelihoods and increasing regional integration across the continent, according to a new report presented at a conference here.

Informal cross-border trading, in which transactions are not compliant with local tax and other rules,  accounts for a large share - between 20 and a hefty 70 percent - of employment in sub-Saharan Africa, and putting it on a regular footing can lift sustainable prosperity and markedly improve prospects for women, says FAO's new publication, "Formalization of informal trade in Africa".

Please read this press release at:

http://www.fao.org/news/story/en/item/888767/icode/

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