Bilateral deal-making involving governments of Africa and the Middle East.
photo: World Bank/CC BY-NC-ND 2.0
The GCC is on its way to securing a world first in terms of international economic and trade agrements. Talks with the European Union over the world’s first region-to-region Free Trade Area agreement will be completed by the end of the year, it was declared yesterday.
Mr. William Lash, U.S. Assistant Secretary of Commerce, stated to Al-Hayat that "the amount of American investments in the Middle East has reached $90 Billion Dollars". He also revealed that the "American private sector investments in Qatar reached three billion dollars while the rate of trade exchange with Qatar is $800 million dollars."
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.
An agreement on the protection and promotion of investments between Bahrain and Germany is due to be signed "very soon". Germany is also pushing for a Free Trade Agreement (FTA) between the European Union and the GCC.
State Minister Kürşad Tüzmen, on the third day of a visit to Jordan, said that Turkey had presented the draft text of a Free Trade Agreement (FTA) between Turkey and Jordan to Jordanian Prime Minister Faysal Fayez, reported the Anatolia news agency.
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.