Africa in the New Trade Environment

Page 191

Unlocking East Asian Markets to Sub-Saharan Africa    159

A notable pattern in global tourism growth is the relatively faster rate of growth of arrivals in emerging economies than in high-income economies. The UNWTO predicts that international arrivals in emerging economies will grow at twice the rate (4.4 percent per year) of arrivals in high-income economies (2.2 percent per year). In absolute terms, emerging economies will add an average of 30 million arrivals per year—more than double the average of 14 million new arrivals in high-income economies. Emerging economies will surpass 1 billion arrivals by 2030, with a 57 percent share of the global tourism market (UNWTO 2017). Sub-Saharan African countries can tap into this opportunity, because Africa is becoming an increasingly attractive destination for Asian tourists, especially Chinese tourists. A recent survey by the global travel platform Travelzoo9 finds that the continent was the top destination of choice for Chinese tourists seeking more adventurous holidays in 2018, beating Japan and Australia. Visitors were especially drawn to (in this order) Morocco, Tunisia,10 South Africa, Namibia, Madagascar, and Tanzania. Part of the interest in these nations came following the introduction of relaxed visa rules for Chinese citizens. And, in 2019, Kenya launched a marketing campaign to target China, hoping to boost the more than 53,000 Chinese visitors who came to the country in 2018. Chinese nationals also make up the largest group of tourists to Ethiopia, which had 45,307 Chinese visitors in 2017, a steady increase from 41,659 in 2016. The country recorded $169.6 million in revenue from Chinese tourists in 2017. Leisure travel tends to accelerate most sharply when per capita income rises, and the Asian middle class is among the world’s top tourist spenders. China consolidated its leadership as the biggest spender in travel abroad in 2017, with $258 billion in expenditure. Among the top 20 world spenders on outbound tourism (in this order), France, the United Kingdom, Australia, the Russian Federation, Spain, and India all posted double-digit growth in expenditure (UNWTO 2018). This is particularly important for SubSaharan African countries, because every $1 spent by visitors contributes an estimated $3.20 to the economy (Sears and Turner 2013). By tapping into this sector, Sub-Saharan African countries could expand and diversify their sources of revenues.

Fostering Trade Relations through Agreements Interest in trading with Sub-Saharan Africa has been growing in recent years, and the region is considered a strategic trading partner for Asian countries, as numerous initiatives continue to demonstrate. Japan launched its Tokyo International Conference on African Development in 1993 to bring together African stakeholders and Japanese officials. In 2000, China renewed its engagement in Africa by establishing its Forum on China-Africa


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References

3min
pages 358-361

Notes

2min
page 357

What Will It Take for Africa to Create Regional Value Chains?

2min
page 352

Sub-Saharan African Countries

1min
page 327

7.1 Diversifying Production through Regional Cooperation

4min
pages 353-354

Sub-Saharan African Countries on African Importing Partners, by Sector

1min
page 333

Some Regional Policy Options to Complement the AfCFTA

4min
pages 355-356

Countries

1min
page 324

Sub-Saharan African Countries

1min
page 323

Countries, by Type of Measure

1min
page 321

Introduction

1min
page 315

What Is Africa’s Experience in Global Value Chains? Are Nontariff Measures Limiting the GVC Participation of Firms in

6min
pages 316-318

References

5min
pages 312-314

Sub-Saharan Africa?

4min
pages 319-320

Policy Implications

8min
pages 305-308

6.10 Adjustment Paths Following Trade Liberalization

11min
pages 300-304

Economic Outcomes

3min
pages 292-293

Capital Intensity of Exports from Sub-Saharan Africa

18min
pages 249-258

Conclusion and Policy Implications

2min
page 259

Revisiting the Theory of Regional Integration in Light of the AfCFTA

6min
pages 279-281

versus Exports to Other Countries

4min
pages 244-245

Introduction

3min
pages 277-278

Econometric Assessment of Sub-Saharan African Participation in Asian GVCs

4min
pages 242-243

Key Trade Patterns and GVC Links between Sub-Saharan Africa and Asia

14min
pages 221-228

Asian and Non-Asian Destinations, 2005 and 2015

7min
pages 229-232

Conclusion

2min
page 211

Notes

1min
page 214

Exporters and Innovators

1min
page 206

Introduction

3min
pages 219-220

References

5min
pages 215-218

by Dominant Destination Market

4min
pages 207-208

Empirical Strategy, Data, and Preliminary Analysis

15min
pages 198-205

Does the Export Market Matter? A Literature Review

4min
pages 196-197

Countries and Indonesia, 1989–2019

1min
page 195

Countries, 2004

2min
pages 184-185

Introduction

3min
pages 167-168

Countries and India

4min
pages 193-194

References

5min
pages 163-166

Fostering Trade Relations through Agreements

4min
pages 191-192

Notes

1min
page 162

the United States, by Export Type, 2001–15

2min
pages 158-159

Differentiated Impacts of the AGOA and EBA on ECOWAS Countries

2min
page 157

of AGOA and EBA Trade Impacts on West African Countries, 2001–15, and by Three-Year Period

2min
page 155

Estimations of the Trade Impacts of the AGOA and EBA ECOWAS Exports to the European Union and the

2min
page 146

Empirical Specifications and Data

4min
pages 150-151

References

1min
pages 141-142

Notes

4min
pages 139-140

Conclusion

2min
page 128

Annex 2C AGOA Impacts, by Country

1min
page 138

US Trade Preferences: The GSP and AGOA

14min
pages 105-111

References

5min
pages 98-100

Introduction

3min
pages 101-102

Notes

1min
page 97

A Product-Level Perspective from Disaggregated Export Data

4min
pages 103-104

Annex 1A The Synthetic Control Method

2min
page 96

Conclusion

4min
pages 94-95

Main Drivers of Exports under the AGOA

10min
pages 87-93

Introduction

3min
pages 67-68

Ingredients for Sub-Saharan Africa’s Market Access Strategy How Can Sub-Saharan African Countries Boost Exports through

20min
pages 40-49

How Can Sub-Saharan African Countries Diversify Their Market Access?

4min
pages 53-54

Contributions of This Volume

2min
page 58

How Could Regional Integration Initiatives Help This Dual Strategy to Succeed?

6min
pages 55-57

Notes

2min
page 59

Preferential Access to the EU and US Markets?

6min
pages 50-52

References

8min
pages 60-66

Introduction

3min
pages 33-34
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