One of the main economic arguments used by Leave campaigners before the UK's referendum on EU membership in June was that the UK, freed from its EU shackles, would be able to cut its own bilateral trade deals entirely on its own terms, and much quicker than as part of the EU bloc. The UK will remain party to all EU trade agreements until it formally leaves the bloc, and cannot conduct any separate negotiations of its own (...) But the UK is not the only one in limbo. A fortnight after the referendum, Tanzania and Uganda abandoned plans to sign a regional trade agreement between the East African Community (EAC) and the EU citing the political turmoil caused by the Brexit vote.
The Select Committee on Trade and International Relations has called on government and the private sector to capitalise on the new economic partnership agreement (EPA) with the European Union (EU). The Chairperson of the Committee, Mr Eddie Makue, said the potential for value-added products in the manufacturing sector is large and should be properly harnessed to benefit the regional economy. "The trade that SA does with EU members presents immeasurable opportunities for a growing and developmental economy such as ours.
The European Union (EU) and the Common Market for Eastern and Southern Africa (COMESA) have signed an agreement of over €1. 5 million for the technical co-operation facility (TCF) aimed at improving co-ordination and trade activities in the region. EU ambassador to Zambia and COMESA Alessandro Mariani said there is need for strong commitment and full involvement by all parties and member states for regional integration to be achieved. Mr Mariani was speaking during the signing ceremony yesterday.
The Cabo Verdean government and the Luxembourg Development Cooperation Agency (LuxDev) have chosen the Canary Islands Technological Institute (ITC) to draw up technical plans for rural electrification projects in the Cabo Verde islands, reports the newspaper A Semana. The ITC’s mission will be to develop a sustainable plan for micro-networks with renewable energies and micro-network projects for rural communities in the Santiago Island interior, which still does not have an electric power network.
Marine fisheries catches have been drastically under-reported in the Turks and Caicos Islands in the Caribbean, threatening the marine environment and livelihoods of the local community, reveals a recent study published in the open-access journal Frontiers in Marine Science. Actual catches on the islands were an alarming 2.8 times, or 86% higher than that reported to the FAO, and this has very troubling implications. Lead researcher Aylin Ulman, recently based at the Sea Around Us, and her team call for urgent action from policy-makers to ensure the future sustainability of the fishing industry in this archipelago nation.