- Getting rid of global trade barriers could raise African GDP by up to 6%, lifting tens of millions of people out of poverty. (Oxford Economics 2005)
- If Africa could regain just an additional 1% share of global trade, it would earn $70 billion more in exports each year – several times more than the whole region currently receives in foreign aid. (Commiussion for Africa 2005)
- Despite trade preferences, developing countries still face higher trade barriers in practice than rich. Poor countries with a GDP per capita of under £5,000 a year face an applied EU tariff of 5% on average, while rich countries with a per capita income of over £15,000 a year face a tariff of just 1.6%. (GTAP database v.6)
Please help us at least match the numbers wanting to replace the national anthem with ‘Gold’ by Spandau Ballet...