Bilateral deal-making involving governments of Africa.
photo: World Bank/CC BY-NC-ND 2.0
The Secretary General of the Gulf Cooperation Council, Abdul Rahman bin Hamad Al Atiyya, has said that the next GCC summit in Abu Dhabi would boost the GCC march and joint economic work, particularly in the area of ensuring the implementation of the customs union and expediting steps towards the implementation of a Gulf Common Market.
Trying to entrench its economic and political ties in the region, and blaming the Gulf Cooperation Council’s slowness in devising region-wide economic measures, the United States is aggressively pursuing a number of free-trade agreements in this part of the Middle East.
The stage is being developed for a fast-track free trade agreement (FTA) between the six-nation Gulf Cooperation Council and 25-member European Union. Possibly, the EU has felt the urge to sign an FTA with the GCC now that the US has moved to reach bilateral agreements with individual GCC states.
His Majesty King Abdullah on Wednesday said a free trade agreement (FTA) between Jordan and Canada would contribute to enhancing the Kingdom’s economy.
Iran’s first free trade agreement was signed during President Mohammad Khatami’s recent visit to Venezuela, said here Tuesday, Economy Minister Mohammad Shariatmadari.
Bi- and multilateral trade relations between external actors and individual African states or regional blocs are becoming ever more decisive. The trade policies of both the USA and the EU are anything but helpful.
Washington wants to sign Free Trade Agreements with every country in the Middle East - North Africa region by 2013, to promote economic and political development in line with recommendations made by the 9/11 Commission.
The Common Market for Eastern and Southern Africa (COMESA) Secretary General Erastus Mwencha said his organization is looking forward to strengthening its relations with China, particularly in the area of trade and investment. He declined to elaborate on details of the trade agreement, but implied that it will be something like the Economic Partnership Agreement being negotiated by COMESA with the European Union or the Africa Growth Opportunity Act of the United States.
A letter sent by South African Trade Minister Mandisi Mpahlwa to the Treatment Action Campaign in South Africa confirms that the demand of EFTA Countries (Switzerland, Norway, Iceland and Liechtenstein) to include provisions on intellectual property rights relating to medicines and agriculture in the Free Trade Agreement with SACU (South Africa,
Botswana, Namibia, Lesotho and Swaziland) has been rejected.
The 14 February assassination of Al Hariri may strip away the last of Syria’s European patrons, leaving it at the mercy of Bush’s agenda in the region. There is talk that EU parliamentary approvals of Syria’s association agreement are now on hold.
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.