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May 2018
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EDITO
Sunday, 20 May 2018

Mr Neven Mimica, Commissioner for International Cooperation and Development, today signed a new package of financial support worth EUR 184 million in the presence of the President of Benin, Mr Patrice Talon. The package consists of direct support to the national budget and support for the decentralisation process. Through their signature, the authorities of the European Union and Benin have given the green light for the implementation of two flagship governance programmes in Benin. The aim is to support the government's efforts to reduce poverty and promote reforms.

The Commercial Registry has received three applications for the registration of the name Demerara as a Geographical Indication (GI). The three applications are for Demerara Sugar, Demerara Molasses and Demerara Rum. Frist Vice President (VP) Carl Greenidge said that recapturing the name provides opportunities for producers to obtain market recognition. ... GIs are names and other designations associated with quality products coming from specific places where the geographical origin of the products gives them specific qualities, characteristics and reputation. Unlike trademarks, a producer cannot take the name if production is no longer done in the country. The project is being funded by the European Union (EU) through the ACP-EU TBT Programme.

The Fijian Minister for Industry, Trade and Tourism, Hon. Faiyaz Koya, has called for immediate discussions on the impact that the United Kingdom’s (UK) withdrawal from the European Union (EU) will have on relationships between the Africa, Caribbean and Pacific Group of States (ACP), the EU and the UK. He made the call when speaking on behalf of Pacific ACP countries at the ACP Ministerial Trade Committee Meeting in Brussels.

The Puratos Group, a Belgian based company is to become an equal shareholder in Bidcorp Food's Bakery Solutions Division (BBS). BBS manufactures and supplies bakery ingredients to industrial bakers, the craft market and large retailers under the Chipkins and NCP brands in South Africa. Puratos, a €1.6bn-turnover business, is headquartered in Brussels and specialises in the development and production, as well as the international distribution and marketing of high quality ingredients for the global bakery, patisserie and chocolate sectors.

Despite concerns over acceptance of African agricultural produce in the European Union (EU), a study on Tuesday revealed that the adoption of food safety regulations will promote inter-regional trade of agriculture commodities to the EU. ‎The study, titled “Food Safety Regulations and Export Responses of Developing Nations: Lessons from South Africa and Namibia’s Fresh and Frozen Fish Exports to the EU”, was presented by Shingirirai Mashura, a Certified Economist from the University of Zimbabwe.