The AfCFTA will give the African Union the chance to become a strong, independent player in the world economy – at least that is the optimistic forecast. But there are good reasons to cast doubt on the high hopes pinned on the African free trade area.
For many people affected by resource extraction, it is the prevailing legal regime that dis-embeds and disintegrates, because investment treaties can protect ventures that upend their lives with little scope for voice or redress.
Private insurance corporations are suing Argentina and Bolivia for loss of potential profits as a result of the reversal of privatization of pension programs.
Referring repeatedly to legal threats by Barrick Gold Corp., Prime Minister Papua New Guinea released a statement announcing that his government will be making a deal with the company in regard to the Porgera Joint Venture gold mine.
The complaint represents many organizations’ intentions to test if the revised NAFTA’s labor terms could be an effective tool to improve workers’ conditions.
Corporate courts are an unjust mechanism that can block climate action. The UK should reject them.
India has stepped up its global ambitions and foreign policy re-engagement with African countries in recent years. India is now the third largest export destination and the fifth largest investor on the continent.
Mining group Pathfinder Minerals said a dispute over the ownership of a mining title in Mozambique could see it incur estimated losses of more than $621.3 million.
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the AfCFTA, has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
AfCFTA has materialized at a time when globalization is being used to hide all sorts of ambitions including the second empire and colonialism. AfCFTA is not just about the economy and markets, it is also a political setup from the African Union and African Development Bank.
Togo and the Singapore Cooperation Enterprise are to sign an economic and technical partnership agreement, under which the West African nation will benefit from Singapore’s experience to develop its economy.
New Zealand is being offered an improved market access arrangement, after the last one was ‘’pretty low-ball,’’ but any trade deal seemed likely to be months away, say Kiwi exporters.