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A new economic partnership is emerging between Africa and the Gulf States
The emerging economic relations between Africa and the Gulf Cooperation Council (GCC) — namely the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman — are poised for significant growth, driven by mutual interests in diversification, investment and sustainable development.
Namibia advocates for the combination of AGOA and AFCFTA
The Minister of Industrialisation and Trade, Lucia Iipumbu said Namibia is advocating for the establishment of a nexus between the African Growth and Opportunity Act (AGOA) and the African Continental Free Trade (AfCFTA)
Termination of African countries from AGOA agreement: A threat or opportunity for the African economy?
On January 2024, President Joe Biden of the U.S. announced the termination of Uganda, the Central African Republic, Gabon, and Niger as the beneficiaries of the African Growth Opportunity Act (AGOA).
There are a lot of opportunities for India under AfCFTA - Deputy Trade Minister
There are a lot of opportunities for India in the area of pharmaceuticals, automotive; vehicle component manufacturing, garment and textiles, the Deputy Minister of Trade and Industry, Michael Okyere Baafi has said.
UAE aims to conclude more CEPAS with African countries to boost trade ties
The UAE aims to conclude more Comprehensive Economic Partnership Agreements (CEPAS) with African countries as the Arab world’s second largest economy continues to boost its trade ties globally.
UAE, Kenya seal comprehensive economic partnership deal
The United Arab Emirates and Kenya have concluded a comprehensive economic partnership agreement (CEPA), UAE Minister of Foreign Trade Thani Al Zeyoudi said on Friday.
Trade minister meets head of African trade bloc
Trade Minister Cheong In-kyo has met Wamkele Mene, the secretary general of the African Continental Free Trade Area (AfCFTA), in Seoul and they discussed ways to expand economic ties, officials said.
Trade deception returns in Pan-Africanist guise
The World Bank has exaggerated probable gains from the African Continental Free Trade Area (AfCFTA) to promote partial and uneven trade liberalisation that is unlikely to enhance development on the continent.
US senators introduce bill to renew AGOA through 2041
A bipartisan group of senators has introduced a bill to renew the US trade pact with Sub-Saharan Africa ahead of its expiration next year, an aide to one of the senators said on Thursday.
AfCFTA digital trade protocol: Unveiling critical flaws
In the turbulent waters of the digital economy, where technological innovation is outpacing regulatory frameworks, the leaked African Continental Free Trade Area protocol on digital trade raises deep concerns.
Small firms say AfCFTA tariff liberalization may push them out of business
The African Continental Free Trade Area (AfCFTA) is expected to significantly boost intra-Africa trade when fully implemented, but small businesses in East Africa are not happy about it, as it may not bode well for them.
Guyana now ready to sign new OACP-EU pact – Todd
Having gotten the clarity it sought on areas of concern, Guyana says that it will now sign on to the Samoa Agreement – successor to the Cotonou Agreement that the Organisation of African, Caribbean and Pacific Group of States (OACPS) has with the European Union (EU).
Algeria-EU Association Agreement under revision: toward a balanced and mutually beneficial partnership
The Algeria-European Union (EU) Association Agreement, signed in 2002 and implemented in 2005, has long been a subject of contention for Algeria. Its revision is now underway by both parties, marking a significant development in their bilateral relations.
South Africa, PH eye free trade agreement
The South African and the Philippine governments are looking to enter into a free trade agreement (FTA) to boost both nation’s trade relations.
Single Africa market under threat — former minister questions AfCFTA relevance
AN economist and former Deputy Finance Minister, Kwaku Kwarteng, has revived the debate on how realistic it is to have a single market under the African Continental Free Trade Area (AfCFTA) agreement.
AfCFTA fails to boost Africa’s global trade share beyond 3% as countries trade more outside the continent
Africa’s global trade participation still stands at less than 3%, largely driven by merchandise trade in 2023, the Economic Commission for Africa (ECA) report on the assessment of progress on regional integration in Africa has said.
Operational phase of the African Continental Free Trade Area launched
The 12th Extraordinary summit of the African Union which was held in Niamey on the 7th of July 2019 was a momentous occasion for Africa, as it saw the successful launching of the operational phase of the African Continental Free Trade Area (AfCFTA).
The AfCFTA’s digital `trade rules are not fit for Africa
African heads of state are slated to meet this weekend for the 37th Ordinary Session of the Assembly of the African Union and they could be prompted to make an unforced error that could weigh heavily in the continent’s plans to promote digital industrialization and the bridging of the digital divide.
Can Africa’s new free trade treaty boost business on the continent?
African leaders will this weekend gather in Addis Ababa for the annual summit of the African Union (AU) to discuss key business issues, including plans to make Africa a global economic powerhouse.