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 Video guest: Arancha González




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EDITO
Thursday, 29 September 2016

CTA is recruiting a trainee for its Brussels Office. The position is open to ACP and EU nationals. A six months contract will be offered from September 2016. This contract can be renewed once for a maximum of 6 months. Further details on requirements and how to apply can be found in the note attached.

The CTA Brussels News Service is providing EU-ACP policy news since 2004, on various key thematic areas. In addition to this news service, we also provide news on ACP intra-regional trade, and south-south cooperation (investments of emerging countries' in agriculture in the ACP regions). The main stories for the week are featured in our newsletter and all stories can be found in our Regional Trade and the South-South cooperation sections.

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The European Commission today proposed to set up a new European External Investment Plan (EIP) to encourage investment in Africa and the EU Neighbourhood, strengthen partnerships and contribute to achieving the UN Sustainable Development Goals. Announcing the initiative, EU High Representative Federica Mogherini, said: “If we look at the Middle East and Africa, we see regions with a huge potential that is being held back by war, poverty, the lack of infrastructure, and weak governance. Our European Union is already the first donor worldwide: we invest more in development cooperation than the rest of the world combined.

SA has told the European Commission and EU trade partners that Brexit should not reduce access to European markets for South African products. With the timing and terms of Britain’s exit from the EU still to be negotiated SA is positioning itself. Until Brexit, SA will continue trading with the UK in terms of its trade agreement with the EU. But Brexit will require SA to negotiate a separate trade agreement with the UK. The main element of the economic partnership agreement signed last year between the EU and several Southern African states, including SA, was to determine a number of tariff quotas on products such as sugar and wine, which provided greater access for South African products

Just over one month (at the time of writing) has passed since the UK voted to withdraw its membership from the European Union. There remains much to do ahead of the final withdrawal once Article 50 has been triggered, and a significant degree of uncertainty still exists. The impact of the announcement has been felt in sub-Saharan African, with many expecting that there will be noticeable consequences for trade into and out of Africa. The immediate aftermath of the referendum saw great volatility in African markets, the South African Rand plummeted in value the day following the announcement of the result.