Mali is a landlocked country located in West Africa, and as such, it depends heavily on international trade agreements to maintain its economy. Over the years, Mali has entered into several major trade agreements with various countries and organizations to boost its exports and imports. In this article, we will take a closer look at some of the major trade agreements that Mali has entered into.

1. African Continental Free Trade Area (AfCFTA)

The AfCFTA is a major trade agreement that was signed by 54 African countries, including Mali, in March 2018. The agreement is aimed at creating a single market for goods and services across the African continent, thus reducing trade barriers and promoting economic integration. By joining the AfCFTA, Mali hopes to increase its exports to other African countries and attract more foreign direct investment.

2. Economic Community of West African States (ECOWAS)

ECOWAS is a regional economic organization made up of 15 West African countries, including Mali. The organization aims to promote economic integration and development in the region through the elimination of trade barriers and the establishment of a common market. As a member of ECOWAS, Mali enjoys preferential trade agreements with other member countries, which promotes trade and investment in the region.

3. United States-Africa Trade and Investment Partnership (USTIP)

The USTIP is a trade agreement signed between the United States and several African countries, including Mali. The agreement is aimed at promoting trade and investment between the United States and Africa, with a focus on increasing exports from Africa to the United States. In 2019, the USTIP sponsored a trade mission to Mali, which helped to promote trade and investment between the two countries.

4. European Union – West Africa Economic Partnership Agreement (EPA)

The West Africa EPA is a trade agreement signed between the European Union and 16 West African countries, including Mali. The agreement aims to promote trade and investment between the two regions by reducing trade barriers and promoting economic integration. As part of the agreement, the EU provides technical and financial assistance to West African countries, including Mali, to help them develop their export capacity and comply with EU standards.

In conclusion, Mali’s economy depends heavily on international trade agreements, and the country has entered into several major agreements with various countries and organizations. By joining these agreements, Mali hopes to increase its exports, attract more foreign investment, and promote economic development in the region. With the implementation of these agreements, Mali’s economy is expected to continue to grow and thrive.