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Food security: Mauritania can diversify and increase its exports thanks to CFTAF

04/09/2023
Source : ORISHAS FINANCE
Categories: Companies

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The Trade Law Centre (Tralac) published a report in July 2023 indicating that Mauritania can capitalize on its strengths to diversify its economy and increase its exports to other countries on the continent, in particular thanks to the Continental Free Trade Area. African (ZLECaF

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Mauritania's exports are currently dominated by minerals. These are iron, copper and gold, which represented 63% of total exports in 2021. Indeed, Mauritania's early accession to CFTAF in 2018 and bilateral agreements with countries such as Algeria, The Gambia, Morocco, Tunisia and Sudan offer enormous untapped potential to increase exports to the continent. According to the Tralac report, Mauritania can turn to the agricultural sector to diversify its exports. For said report, the country already has a comparative advantage in this sector, and the analysis shows that countries tend to diversify by turning to products similar to those they already produce.

The CFTAF offers Mauritania considerable advantages to increase its agricultural exports. With preferential access to African markets, Mauritania can create regional agro-industrial value chains and add value to its products

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