Tuesday, 18 July 2017

Britain and Africa will prosper together if we ditch the EU's economic colonialism

The further you travel from Brussels, the likelier people are to see Brexit as an opportunity. I’m in Kampala, discussing post-EU commercial prospects with business and political leaders from across East Africa. While not everyone here started as a Leaver, there is now a widespread hope that Brexit will lead to more open trade arrangements, above all in farming, which employs two thirds of Africa’s workforce. The EU’s Common Agricultural Policy treats Africa as an economic colony. Brussels applies tariffs to tomato sauce, but not to tomatoes; to chocolate, but not to cocoa beans; to roasted coffee, but not to green coffee. Africa, in other words, is expressly discouraged from developing secondary industries that would add value to its commodities.

Source: The Telegraph