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'African trade fair a reflection of chaos'
HARARE (Zimbabwe). Sept 16 Cameroon, Libya and Sudan didn’t show up, Togo lost all Its exhibits and South Africa haggled for hours with Zimbabwean customs officials over duties on worthless display cards, reports AP.
In (act. said Nigerian economist Dayo Adeagbo, last month's All Africa Trade Fair was a good reflection of trade on the continent: chaotic, inefficient and hamstrung by bureaucracy, excessive tariffs and transport (allures.
"Doing business tn Africa is an ordeal. No one seems to understand what free trade means," said Adeagbo, a visitor to the Organisation of African Unity trade expo in Bulawayo, Zimbabwe.
Adeagbo traveled to the gathering to assess business opportunities in southern Africa after telephoning the 51-nation OAU in Nigeria to ask about the fair, the OAU's sixth.
"I should have known this would be a frustrating trip when the OAU office in Lagos had no Information on the fair." he said.
More than 30 nations attended the nine-day event, held every three years.
The Zimbabwe Trade Ministry said it resulted in tentative deals worth one million dollar but many exhibitors were not impressed.
Togolese officials lost the container with all their exhibits in transit and never found It.
Zimbabwe only waived customs duties on exhibits three days before the show ended, after plenty of heated debate.
By the time the trade fair closed on Aug 10. few exhibits had been sold because prospective buyers didn't have enough of the hard currency the sellers were demanding.
According to Zimbabwean business leader Guy Georgias, several countries brought little more than colorful cloth, baskets and crafts to Bulawayo.
"It's been a flop." he said. "Some of these countries are merchants, not manufacturers. This won't help Africa's economic situation at all."
OAU officials say trade between African countries accounts for as little as 5 per cent of the continent's total trade.
The rest is mainly the lossmaking exchange of African raw materials for oil and finished goods from the former European colonial powers, the Middle East and Asia.
"Africa tn general has given a low priority to industrialisation." said OAU Assistant Secretary General Brownson Dede.
But there was still a need for greater awareness among Africans