Bilateral deal-making involving governments of Africa.
photo: World Bank/CC BY-NC-ND 2.0
The European Union and the Common Market for Eastern and Southern Africa (COMESA) have signed a $40 million financing agreement to boost trade competitiveness and market access in the 21-member bloc.
Nigeria and Mexico have signed a trade deal that would boost trade between the two countries.
Trade between India and Africa increased by 9.3% between fiscal year 2021/2022 and 2022/2023, reaching $98 billion, according to India’s external affairs minister, as more than 30 African countries have benefited from India’s duty-free tariff preference (DFTP) scheme for least-developed countries.
Germany is hosting an investors’ conference in Berlin under the G20’s Compact with Africa initiative. The gathering is part of the German government’s commitment to supporting African countries in making economic gains.
American President Joe Biden recently pledged to make Nairobi the investment magnet in Africa.
For this to happen, Kenya and the United States must make considerable progress towards a bilateral trade deal under the Strategic Trade and Investment Partnership (STIP) framework.
The United States is looking for a "more useful and effective" trade programme with Africa, U.S. Trade Representative Katherine Tai said on Saturday, as talks are underway to update a two decade-old duty free initiative.
The secretary general of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has cautioned that trade ties with the United States should not infringe on efforts to boost regional trade on the continent.
IN A GLOBALLY competitive post-Covid world, fractured by geopolitics and multiple wars, the Global South and Africa face increased interest from global powers.
Highlights from the workshop organised in Marrakesh by Attac Maroc, bilaterals.org, CADTM Africa, GRAIN and the Tunisian Observatory of Economy.
The Biden administration has committed to enhancing Kenya’s investment environment to serve as a blueprint for other African nations under the ongoing bilateral trade negotiations.
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.