{"id":2920,"date":"2020-03-18T09:03:20","date_gmt":"2020-03-18T09:03:20","guid":{"rendered":"https:\/\/www.istanbulafrica.com\/?p=2920"},"modified":"2020-09-20T09:51:04","modified_gmt":"2020-09-20T09:51:04","slug":"impact-of-the-coronavirus-epidemic-on-africa","status":"publish","type":"post","link":"https:\/\/www.istanbulafrica.com\/impact-of-the-coronavirus-epidemic-on-africa\/","title":{"rendered":"Impact of the Coronavirus Epidemic on Africa"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2920\" class=\"elementor elementor-2920\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8015e33 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8015e33\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1f6538\" data-id=\"d1f6538\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e647276 elementor-widget elementor-widget-text-editor\" data-id=\"e647276\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The world was shaken by the quick spread of Coronavirus disease. Many countries implement dramatic restrictions on the movement of people and goods to slow down the epidemic.&nbsp;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9fb53d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fb53d7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6a558e5\" data-id=\"6a558e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70778d0 elementor-widget elementor-widget-heading\" data-id=\"70778d0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Relationship between China and Sub-Saharan African countries will be greatly affected by the epidemic<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-813349b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"813349b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8af3704\" data-id=\"8af3704\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00a25a1 elementor-widget elementor-widget-text-editor\" data-id=\"00a25a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Due to the Coronavirus epidemic, the production output of China decreased dramatically. According to the Chinese National Bureau of Statistics, industrial output fell by 13.5 per cent in the first two months of 2020. The fall in industrial output is accompanied by 20.5 per cent drop in retail sales.<\/p><p>Quarantine measures and social fear also affected the international trade capacity of China. The demand for Chinese products decreased and less business activities are conducted due to quarantine rules.<\/p><p>The effects of the coronavirus on the relationship between China and African countries are expected to become worse due to travel bans for Chinese nationals by African countries. The Democratic Republic of Congo already imposed quarantine measures for Chinese nationals. Ghana, Kenya, Rwanda and Uganda announced similar measures restricting travel.<\/p><p>As a result, we expect a direct slowdown in business travels and trade volume between Africa and China. Depending on the severity of the epidemic, this decline can be dramatic and long-lasting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7110471 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7110471\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b0f444a\" data-id=\"b0f444a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4cb37d1 elementor-widget elementor-widget-image\" data-id=\"4cb37d1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-1024x682.jpg\" class=\"attachment-large size-large wp-image-2931\" alt=\"\" srcset=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-1024x682.jpg 1024w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-300x200.jpg 300w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-768x512.jpg 768w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-720x480.jpg 720w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth-272x182.jpg 272w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/China-industrial-growth.jpg 1334w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06f4f49 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06f4f49\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f88af9f\" data-id=\"f88af9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c76d6c elementor-widget elementor-widget-heading\" data-id=\"9c76d6c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The epidemic of COVID-19 might slow down the AfCFTA process<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-237f8b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"237f8b3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6492f6c\" data-id=\"6492f6c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f3bf8d elementor-widget elementor-widget-text-editor\" data-id=\"2f3bf8d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>African countries have taken serious steps on The African Continental Free Trade Area (AfCFTA) agreement in the last years. African countries are taking serious steps in promoting trade and developing welfare. In March 2018, 44 out of 54 African countries signed the African Continental Free Trade Agreement (AfCFTA) in Kigali, Rwanda. The agreement outlines the removal of tariffs on 90% of goods, allowing free access to commodities, goods and services across African countries. If the African Continental Free Trade Agreement enters into force, the Intra-Africa trade can converge to the level of Intra-Asia or Intra-Europe trade.<\/p><p>The Coronavirus epidemic puts the AfCFTA process at risk. The national borders are being closed to fight against the spread of the virus. This is a disadvantaged environment for an inter-continental agreement which aims for a common market without borders. Although there hasn\u2019t been any official announcement on the next steps for AfCFTA during the epidemic, we expect a deceleration in the complete implementation of the common market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3458409 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3458409\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-551df71\" data-id=\"551df71\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b77505 elementor-widget elementor-widget-image\" data-id=\"4b77505\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"478\" src=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda-1024x478.jpg\" class=\"attachment-large size-large wp-image-2933\" alt=\"\" srcset=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda-1024x478.jpg 1024w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda-300x140.jpg 300w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda-768x359.jpg 768w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda-720x336.jpg 720w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Afcfta-meeting-Rwanda.jpg 1205w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7b7a586 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b7a586\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-635f70d\" data-id=\"635f70d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ec4d0e elementor-widget elementor-widget-heading\" data-id=\"6ec4d0e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">While airline and tourism companies suffer, packaged food and healthcare companies might announce higher revenue during the epidemic<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-521fc48 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"521fc48\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-161bc56\" data-id=\"161bc56\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d69f032 elementor-widget elementor-widget-text-editor\" data-id=\"d69f032\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It is an undisputable fact that the coronavirus epidemic hit the market and changed the playground. Many airline companies were hit hard amid coronavirus epidemic and closure of borders. European and American airline carriers\u2019 share prices have declined faster than global stockmarkets. The International Air Transport Association (IATA) projected a possible hit to worldwide revenues of up to $113bn.<\/p><p>The shape of the hotel industry is not a different story. Hotel occupancy already fell below 20% in many major cities. The American Hotel and Lodging Association states that 45% of all hotel jobs have been eliminated or will be eliminated in the next few weeks. This situation is reflected in the stock markets: Marriott International (NASDAQ: MAR) stock fell by 20% over the last two weeks.<\/p><p>We identify two industries which can benefit from the coronavirus epidemic. Due to the infection characteristics of the virus, many people could prefer packaged food as an alternative to traditional food. Also, the traditional food supply chain can be hit if the epidemic becomes more severe. In the case of a curfew, many people need to be provided with packaged food and diet. Companies in this sector can increase their sales as the demand rises.<\/p><p>Secondly, the pharmaceutical and healthcare companies can increase their revenues due to the higher need for medical supplies and drugs. Shares of many pharmaceutical companies have increased in the last months. In India, only one company out of ten healthcare companies announced negative share returns. The share price of the other nine companies has been trading higher.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-83a1ac7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"83a1ac7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d9687cc\" data-id=\"d9687cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ba6aea elementor-widget elementor-widget-image\" data-id=\"0ba6aea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"700\" height=\"394\" src=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Airline-corona-cleaning.jpg\" class=\"attachment-large size-large wp-image-2935\" alt=\"\" srcset=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Airline-corona-cleaning.jpg 700w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Airline-corona-cleaning-300x169.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ec4ac5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ec4ac5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16343a6\" data-id=\"16343a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39225ac elementor-widget elementor-widget-heading\" data-id=\"39225ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Local industries in Africa can turn this crisis into an opportunity<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c1e0d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c1e0d5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ef4375\" data-id=\"3ef4375\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f95f8ff elementor-widget elementor-widget-text-editor\" data-id=\"f95f8ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We expect less trade activity in the coming months amid coronavirus epidemic and border closures. In an unfavorable environment for international trade, the local industries of import-oriented countries can place themselves in a better position. Especially, the economic slowdown of China might make these local companies more competitive and profitable.<\/p><p>However, local companies should watch their supply chain closely. If the raw materials of these companies depend on imports, shortages can cause inefficiency in the production line. In order to prevent this situation, stocks should be kept at an adequate level and alternative suppliers should be identified.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6dca7a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6dca7a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d60bd7b\" data-id=\"d60bd7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e6c143a elementor-widget elementor-widget-image\" data-id=\"e6c143a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"335\" src=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Zambeef-africa-local-industry.jpg\" class=\"attachment-large size-large wp-image-2937\" alt=\"\" srcset=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Zambeef-africa-local-industry.jpg 595w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/Zambeef-africa-local-industry-300x169.jpg 300w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-18fc422 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"18fc422\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5437cf0\" data-id=\"5437cf0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c66122 elementor-widget elementor-widget-heading\" data-id=\"5c66122\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trade volume is expected to shift from China to less infected regions in the world<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e3f310 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e3f310\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d9b0480\" data-id=\"d9b0480\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aeb6165 elementor-widget elementor-widget-text-editor\" data-id=\"aeb6165\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This negative landscape is not only limited to China. Italy, one of the countries hard-hit by the coronavirus, is experiencing a downfall in their factories. Fiat Chrysler stated the temporary suspension of operations at some of its Italian factories. In addition, Italian tyremaker Pirelli announced that production cut for several days at its Torino plant in northern Italy.<\/p><p>As these countries that are highly affected by coronavirus have industrial and supply chain problem, the trade is expected to shift to less affected regions in the world. The global situation of the pandemic is not clear yet, however, Turkey stands out as one of the least infected countries with less than 100 confirmed cases as of today. We expect a positive shift in trade volume between African countries and Turkey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f443933 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f443933\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44c53fd\" data-id=\"44c53fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c0ade8 elementor-widget elementor-widget-image\" data-id=\"5c0ade8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"860\" height=\"392\" src=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/mersin-port.jpg\" class=\"attachment-large size-large wp-image-2938\" alt=\"\" srcset=\"https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/mersin-port.jpg 860w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/mersin-port-300x137.jpg 300w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/mersin-port-768x350.jpg 768w, https:\/\/www.istanbulafrica.com\/wp-content\/uploads\/2020\/03\/mersin-port-720x328.jpg 720w\" sizes=\"(max-width: 860px) 100vw, 860px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b2d55d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b2d55d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ff93be\" data-id=\"6ff93be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46d1c73 elementor-widget elementor-widget-heading\" data-id=\"46d1c73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Final Remarks<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8272fbe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8272fbe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-937ffe4\" data-id=\"937ffe4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d1bbab8 elementor-widget elementor-widget-text-editor\" data-id=\"d1bbab8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The coronavirus epidemic disrupted the global market. The closure of borders and implementation of more restrictions have negatively affected the industrial production and international trade. According to our observation, as the epidemic becomes more severe, the economy is also more negatively affected. China suffers the most negative outcome in Asia, while Italy suffers in Europe. In addition, some sectors such as airline and hospitality are much more affected by the epidemic.<\/p><p>In this new playground, some industries and countries can manage to be less affected by the coronavirus epidemic. The countries which can stop the spread of epidemic will suffer less in terms of industrial output and domestic sales. The local industries which cater the domestic demand can increase their competitive advantage as international trade is restricted and their Chinese competitors suffer from the negative effects in their country. Finally, some companies in packaged food and healthcare sectors might increase their revenues due to increased demand.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The world was shaken by the quick spread of Coronavirus disease. Many countries implement dramatic restrictions on the movement of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2699],"tags":[],"class_list":["post-2920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Impact of the Coronavirus Epidemic on Africa - Istanbul Africa Trade Comp<\/title>\n<meta name=\"description\" content=\"Analysis report: the impact of coronavirus (COVID-19) epidemic on African economy and business. 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