Bilateral deal-making involving governments of Africa and the Middle East.
photo: World Bank/CC BY-NC-ND 2.0
Chairman of the US Congress Budged Committee Senator Bill Thomas said Egypt-US Free Trade Area (FTA) talks would soon begin.
The tentative agreement reached between the EU and Iran yesterday on uranimum enrichment hinges on an EU pledge to resume suspended negotiations on a Trade and Cooperation Agreement [read: FTA] between Iran and the EU.
Over the past year, the George W. Bush administration has prepared a comprehensive political and economic reform initiative aimed at promoting democracy in the Middle East.
A new trade promotion group — the US Middle East Free Trade Coalition (USMEFTA) — has been created to "expand free trade between the US and the Middle East and to encourage economic development, transparent and accountable governance, and enhanced prospects for the people of the Middle East region."
The European Union and Syria have initialled an association agreement that commits both sides to work towards free trade — as well as against weapons of mass destruction and terrorism.
Members of the US congress expect that a free trade agreement will be signed between the USA and Qatar within one year. Qatar will provide the USA liquid natural gas and will attract direct American investments. However, Washington will set several preconditions before opening the door.
South Africa’s trade negotiations with China should be suspended until their effect on the local economy had been studied, the Congress of South African Trade Unions (Cosatu) said on Friday.
As part of positioning itself in the global economy in the ever growing global village, the Southern African Customs Union (SACU) is contemplating fostering closer economic ties with India.
The Congress of SA Trade Unions (Cosatu) on Thursday called for a moratorium on all South Africa’s current bilateral trade agreements, and renewed its plea to the government to consistently pursue economic and trade policies that prioritise job retention and creation.
It has been almost five years since SA and the European Union (EU) last sealed a bilateral trade agreement and the current deal comes up for review in November.
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.