Bilateral deal-making involving governments of Africa.
photo: World Bank/CC BY-NC-ND 2.0
The draft accord signed on Monday foresees Chinese companies gaining copper/cobalt, gold and nickel concessions under repayment deals that would also include toll revenues from the roads and railways to be constructed.
Both the African Growth and Opportunity Act (AGOA) and the fast-tracked Economic Partnership Agreement (EPA) seem to reflect less a genuine desire in fairer trade for the true benefits of the African economies than securing access to relevant markets and mainly the exploitation of relevant natural resources in the interest of the European Union and the USA, said Executive Director of the Dag Hammarskjöld Foundation, Dr Henning Melber.
President Pakalitha Mosisili of Lesotho called on member states of SADC to address their obligations to ensure that the region realises the Free Trade Area by 2008 and a Customs Union by 2010, in preparation for the creation of a Common Market by 2015 and a common currency by 2018.
Mauritius and Pakistan have announced plans to create a free trade zone between the two countries by 2009 and have preferential trade exchanges by 30 November.
The European Commission has approved a total of 44.8 million Euros to support regional integration in West Africa over a period of five years, from 2007 to 2011.
Africa’s poorest countries should develop policies to suit their unique circumstances to replace policies imposed on them by their developed country counterparts, former Tanzanian president Benjamin Mkapa has said.
A top European Union official has been seeking to create divisions between South Africa and its neighbours in talks aimed at establishing a free trade deal, African diplomats have alleged.
Namibia has opposed attempts by the European Commission to have South Africa expand its markets access for EU products beyond the Trade and Development Cooperation Agreement (TDCA).
The Office of the US Trade Representative and the US Department of State has announced that the United States and Rwanda have begun formal negotiations toward a Bilateral Investment Treaty (BIT) that would strengthen investor protections and encourage the continuation of market-oriented economic reforms in Rwanda.
Namibia will, as from tomorrow, host the Southern African Development Community (SADC) Integrated Committee of Ministers (ICM) meeting.
Tralac’s page on the African Continental Free Trade Area
The Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) is a regional non-governmental organization founded in 1996 soon after the WTO Singapore Ministerial Conference — mainly focusing on WTO, but also bilateral and regional trade negotiations in Africa.
The Southern and Eastern African Trade Information and Negotiations Institute (SEATINI) is an African initiative to strengthen Africa’s capacity to take a more effective part in the emerging global trading system and to better manage the process of globalization.