Bilateral deal-making involving governments of Africa.
photo: World Bank/CC BY-NC-ND 2.0
US Trade Representative Susan C Schwab and the Liberian Minister of Commerce, Industry, & Trade Olubanke King-Akerele signed a Trade and Investment Framework Agreement (TIFA) yesterday that will provide a forum to address trade issues and will help build trade and investment relations between the United States and Liberia.
Bahrain and Pakistan have vowed to step up negotiations for a Free Trade Agreement (FTA), which could be signed before the end of the year.
The Comprehensive Economic Cooperation and Partnership Agreement (CECPA) was yet again the focal point of discussions between Mauritian International Trade Minister Madun Dulloo and his Indian counterpart Kamal Nath last week in Delhi. CECPA, whilst being a powerful bilateral instrument to enhance trade and economic ties between our two countries, is also an inventive collaborative effort which will ultimately make of Mauritius the ideal step-stone on the India to Africa economic route.
The recent approval of a five-year extension of permission to use foreign fabrics in Africa’s duty-free clothing exports to the US is seen by trade experts in Washington as helping to stabilise East Africa’s textile industries. But the action last week by the US Congress is unlikely to reverse the downward trend in Kenya and Uganda’s apparel sales to the American market.
Trade with China is likely to become an increasingly politically sensitive issue for a number of countries on the continent. That is because China is essentially buying the continent’s oil and minerals and selling back manufactured goods, a type of relationship redolent of a colonial one and similar to most of Africa’s existing trade relations with Europe and the US.
Shaun Donnelly, assistant US trade representative for Europe and the Middle East, and Lebanese Minister of Economy and Trade Sami Haddad signed a Trade and Investment Framework Agreement (TIFA) on Wednesday to provide a forum for expanding and strengthening bilateral trade and investment relations between the two countries.
Qatar should open up the insurance sector to 100% foreign ownership, do away with agents and consultants from trade deals and revoke the ban on American beef, a senior US Department of Commerce official urged yesterday.
The European relations with the Arab World can be regarded as a model that the US should follow. The evidence lies in the welcome of free trade agreements between the EU and Arab countries, and in the doubts about free trade agreements with the US.
Leaders of a 14-nation southern African bloc reviewed ambitious plans for a free-trade zone and common currency as it moved a step closer towards streamlining investment norms.
The summit will focus on the current status of implementation of the Free Trade Area (FTA) in terms of the main activities required to complete the FTA by 2008.
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.