Non-tariff barriers add up to 20 to trade costs

Non-tariff barriers add an estimated 15 to 20 percent to the cost of cross-border trade in West Africa, Ghana’s Trade Minister says, as the country pushes to accelerate AfCFTA implementation.Elizabeth Ofosu-Adjare made the case during a meeting in Accra with African Union Commissioner Francisca Tatchoup Belobe, arguing that while tariffs are visible and can be factored into a business’s costs, non-tariff barriers such as inconsistent standards, documentation delays and border bottlenecks are harder to anticipate and often costlier to navigate. Read More

 

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