(a) Give five reasons why your country has more trading partners outside Africa. (b) Outline...
(a) Give five reasons why your country has more trading partners outside Africa.
(b) Outline any five ways by which the trade between your country and other African countries could be improved
Explanation
(a) Give five reasons why your country has more trading partners outside Africa Reasons
(a) Production of similar goods by African countries
(b) Poor transportation
(c) Non similarity of goods
(d) Differenced in import duties
(e) Low level of technology in African countries
(f) High level of technology in advanced countries
(g) Political instability
(h) Need to have stronger currencies
(i) Preference for goods produced outside Africa
(j) Difference in prices of goods
(k) Poor transportation links with other African states
(I) High level of savings in developed countries
(b) Outline any five ways by which the trade between your country and other African countries could be improved
(1) Improvement in technology
(2) Protection of local goods from foreign competition
(3) Promotion of common language
(4) Specialisation in production
(5) Removal of all trade barriers
(6) Formation of Africa economic union
(7) Use of common currency
(8) Construction of trans-continental transport network
(9) Reduction of tariffs
(10) Adding value to our export products
(11) Patronage of local goods
(12) Encouraging saving capacity of the people
(13) stable government