On a daily basis we are exposed to a myriad of acronyms. A large number of these refer to some form of regional economic integration such as CMA, COMESA, FTA, IDZ, SACU and SADC, to name a few.
The seven-member regional Inter-Governmental Authority on Development (IGAD) is set to become a free trade area.
As the December 2007 deadline was approaching, the European Commission realised that it would not get what it badly wanted: to close a deal with all African regions on the Economic Partnership Agreements (EPAs) - basically free-trade pacts.
Agricultural and development economies in Sub-Saharan Africa are the flavour of the month. The global credit crisis, wide-scale economic meltdown and financial recession have sparked a wave of interest about the implications for Africa. It is crucial that this discussion happens.
The prospect of Free Trade Agreements (FTA) between the Gulf and African countries will be discussed at a major conference in Bahrain next month. Hundreds of government officials, bankers and investors are expected to attend.
African governments came under fire for ‘‘blindly’’ negotiating the controversial economic partnership agreements (EPAs) and not making an effort to educate ‘‘ordinary people’’ on what they were negotiating.
African countries will be locked into an economic model based on the export of raw materials that could have a devastating impact on forests and wildlife, if new EU trade deals shaped by former trade commissioner Peter Mandelson are signed - according to a new report published by Friends of the Earth today (Monday 20 October 2008).
African experts on Friday ended a continental forum on Economic Partnership Agreements (EPAs) between European and African countries with the endorsement of proposals towards an African template for EPA negotiations.
The Organisation of African Trade Unions Unity (OATUU) has joined in the crusade against the signing of the EPA, stating several claims which it believed would cripple the economies of member countries, if they go ahead to sign the agreement.
The EPAs are not fundamentally concerned about African development but are designed to further the geo-economic aims of the ‘Global Europe’ strategy being pushed from Brussels in the interest of European corporations and capital. Declaration from Africa Trade Network.
With the failure of the Doha development round trade talks fresh in everyone’s minds, the focus now shifts to the equally controversial Economic Partnership Agreements (EPA’s).
The EPA will be disastrous for Africa. Its acceptance would amount to locking the continent into some kind of economic vacuum where its manouevring space would be drastically limited because of the exclusivity of such a deal, especially since the evidence shows that no country in the world has taken off with such bogus and demeaning arrangements.
Trade ministers from Africa and Latin America met last week in Marrakesh to discuss the state of South-South trade. Despite recent advancements, trade between developing countries remains low.
To thwart a deepening food crisis on the continent, the UN Food and Agriculture Organisation is proposing the creation of a Free Trade Area (FTA) for Africa that will facilitate a seamless flow of strategic commodities across national borders while maintaining high profit margins.
Chinese investment in African countries comes with few strings attached — which is exactly what concerns civil society organisations.
France, the forthcoming holder of the European Union’s rotating presidency, has asked that the bloc display greater flexibility in talks aimed at reaching free trade accords with Africa.
As a result of the free trade agreements with the European Union, called economic partnership agreements, regional integration in Southern Africa is in tatters. The question arises: what kind of integration would engender broad-based development?
The Economic Partnership Agreement (EPA) agenda of the European Commission (EC) clearly illustrates the masquerade of its disdainful approach towards Africa in an accelerated disregard for the EU’s coherence policy.
Senegalese Minister for Commerce Mamadou Diop has warned that African governments will continue to be pushed around by the European Union and its allies if they continue to adopt an individualistic approach to negotiating for fair trade deals.