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 Video guest: Erich Schaitza




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EDITO
Friday, 24 June 2016

The European Union may be planning to lift the ban placed on the export of some vegetables from Ghana last year, because the produce did not meet the required quality standards. This was hinted at by the EU Ambassador to Ghana, William Hanna. According to Hanna, though there is a huge market in the EU for Ghanaian produce, the union will not compromise on quality standards. Speaking to Citi Business News on the latest development, William Hanna explained that the EU is currently assisting local farmers through its Trade Related Assistance and Quality Enabling Programme (TRAQUE) to ensure that they meet the standards.

Global value chains, and the related trade in intermediate goods and services, dominate today's interconnected economy. Tragic events, such as the collapse of the Rana Plaza garment factory in 2013, have shed new light on the operation of these chains. Pressure is mounting on the various stakeholders involved at both national and international levels to prevent and mitigate the risks of the adverse effects linked to their functioning.

A further $11.9 million has been made available to Fiji by the European Union to support sustainable energy and agriculture projects in the country. European Commissioner for International Cooperation and Development Neven Mimica announced this at the Pacific Conference on Sustainable Energy and Climate Change in New Zealand this week and said the funding was part of $34.5m that was distributed to Fiji, Marshall Islands, Micronesia, Palau, Papua New Guinea (PNG) and Timor Leste.

An Economic Partnership Agreement was signed today in Kasane, Botswana between six African countries and the European Union. The purpose of this EPA is to stimulate trade and investment between the signatories. ‘After so many years of negotiations I happy we now have an agreement that can lead to greater employment, regional integration and inclusive economic growth,’ said Minister for Foreign Trade and Development Cooperation Lilianne Ploumen.

The Fisheries Commission fears an imminent European Commission (EC) ban on the exportation of Ghana's fish again, if the fisheries laws are not enforced to the letter. About eight months ago, the EC, which is the executive of the European Union and promotes its general interest, lifted an export ban on Ghana, citing significant reforms in Ghana's fisheries governance. But recent illegal activities are getting the EC worried again.