What is ECOTIS
ECOWAS Trade Information System (ECOTIS) is a centralized portal developed by the ECOWAS Commission to provide easily accessible, timely and relevant trade related information and intelligence for informed business decisions, policy formulation and academic research.
With the globalization of world markets and development of value chains, trade information and data analysis is increasingly important in understanding the dynamics of world trade.
About the AfCFTA
In January 2012, The Assembly of Heads of State and Government of the African Union (AU) held its 18th Ordinary Session in Addis Ababa, Ethiopia, and adopted the decision for the establishment of an African Continental Free Trade Area (AfCFTA). It brings 55 African Countries , 1.2 billion combined population and a combined gross domestic product (GDP) exceeding US$3.4 trillion.
An Extra Ordinary Summit of the AU Assembly held on 21 March 2018, in Kigali, Rwanda, led to the signing of the framework Agreement establishing the AfCFTA .
Trade Map provides – in the form of tables, graphs and maps – indicators on export performance, international demand, alternative markets, competing markets, as well as a directory of importing and exporting companies.Trade Map covers 220 countries and territories and 5,300 Harmonized System products.
Trade map further enhances fact-based trade decision making, policy formulation and facilitates market information research.