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Browsing: Road transport
Implementing the AfCFTA fully will increase intra-African trade through the elimination of import duties. By just reducing non-tariff barriers, intra-African trade could double.
The implementation of the Free Trade Area will lead to an increase in intra-African freight demand of around 28% by 2030 in comparison to a scenario without its implementation. Specifically, demand for road, rail, maritime and air freight will increase by 22%, 8%, 62% and 28% respectively.
According to the United Nations Economic Commission for Africa (ECA), the modal share on rail would increase from 0.3% to about 7% with Africa requiring close to 2 million additional trucks, over 100,000 rail wagons, 250 aircraft, and more than 100 vessels by 2030, if the AfCFTA is fully implemented.
Aircraft demand to support trade flows within West Africa will increase by 13.2% by 2030 while trade between North and West Africa would increase demand for aircraft by 12.9%. Within …