With an electoral crisis, world-record inflation and a collapsing economy blighted by a brain drain and a generally restive population, Zimbabwe could prove to be southern Africa’s ‘‘problem child’’ as the region seeks to link its economies in a new free trade area (FTA).
Malawi’s tobacco industry has been in turmoil after wildly fluctuating prices led protesting farmers to force the closure of the auction floors.
With the ascendance of China as a robust force on Africa’s economic and political scene, plans are afoot in the European Union (EU) to pre-empt the Asian nation’s dominance on the continent by forming a trilateral partnership that places Europe squarely in the centre.
After several months of trade negotiations in the joint Russian-Ethiopian economic commission, Russia is considering allowing Ethiopia to bring in its different brands of aromatic coffees on a preferential basis.
The Zimbabwe International Trade Fair (ZITF), which ended this past weekend, was once celebrated as a forum to showcase the vast investment opportunities in the then bread basket of the Southern African region. It was established almost five decades ago.
Jackson Gitonga’s business has suffered during the recent post-election violence. He could not leave his house to sell his wares - second-hand shoes which, he says, are of high quality. He recorded a loss for the first time since he had started working as an informal trader three years ago.
As it prepares to assume the presidency of the European Union in July one of the main issues on France’s agenda will be the economic partnership agreements (EPAs). But with less than three months to go, France’s official position concerning EPAs is still surprisingly unclear.
The only way that the poor, particularly women, will benefit from all the efforts that the United Nations Conference on Trade and Development (UNCTAD) has put into improving global trade is to ensure that power inequalities are redressed.
While the European Union (EU) has wanted a conclusion to the economic partnership agreements (EPAs) as soon as possible, the Malawian government has been staving off a deal.
‘‘Africa is not a basket case. The continent is just suffering from the effects of events that it has no hand in and cannot control.’’
Spain has expanded its presence in Africa by recently signing trade agreements with Egypt and the Democratic Republic of the Congo (DRC). The agreement with Egypt includes regular bilateral summits similar to Spain’s annual meetings with Morocco, Algeria and Tunisia. Both agreements will facilitate the entry of more Spanish companies into Africa.
The rising food and fuel prices, with related social destabilisation, may necessitate a ‘‘course correction’’ in the liberalisation talks on industrial goods and agriculture, the African, Caribbean and Pacific group of nations told World Trade Organisation (WTO) Director General Pascal Lamy at the end of last week.
World Trade Organisation (WTO) Director General Pascal Lamy announced at the end of last week that there will be a limited ministerial ‘‘signalling’’ conference on services trade chaired by himself.
The United Nations Conference on Trade and Development (UNCTAD) meeting currently underway in Accra, Ghana, takes place amid rising global fears that global financial turmoil and economic slowdown in the developed countries would affect economic growth in the developing world.
After attracting a steady flow of criticism for its handling of trade talks with Africa, the European Commission has gone on something of a charm offensive lately.
A Norwegian cement company wants to evict an estimated 3,000 Tanzanian farmers it says are trespassing on its land. The farmers say their families have lived there for generations, and that they were not consulted when the land was sold. After 16 years of conflict Tanzania's highest court is due to reach a verdict soon.
The Congress of South African Trade Unions (COSATU) has been an active civil society player in South Africa’s decisions during the current World Trade Organisation Doha Round of talks on non-agricultural market access (NAMA).
The World Trade Organisation’s negotiations on the lowering of industrial tariffs - known as non-agricultural market access (NAMA) - have now reached a critical stage. Faizel Ismail, South Africa’s Geneva-based lead negotiator who also coordinates the NAMA 11 coalition of emerging developing economies, talks to IPS's Aileen Kwa about his concerns.
France is expected to push for the further entrenchment of trade-distorting agricultural subsidies when it ascends to the presidency of the European Union (EU) on July 1 this year.
‘‘The globalisation train is moving. It is up to us as developing countries to run fast enough to catch it. Whether we like or not, globalisation is unavoidable. We should accept and adapt to it to be able to benefit from its advantages.’’
''Give It To God''. These are the words inscribed on the front of the huge truck that goods transporter David Agbalanyo drives between the Ghanaian capital Accra and its northern neighbour, Burkina Faso’s capital Ouagadougou.