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EDITO
Sunday, 22 October 2017

Britain’s exit from the EU has brought into question the benefits of intra-regional trade, with some commentators suggesting that it could sound a warning for Africa’s regional integration project. Advocates of Brexit pointed to a decline in Britain’s trade with its EU partners as an indication that a focus on intra-EU trade is no longer a priority for Britain. It is worth noting that since 2012, Britain’s trade with the rest of the world has overtaken its trade with the EU. This is in part because emerging economies have shown higher growth than Europe and have thus offered more opportunity. Brexiteers also argued that Britain’s EU membership has hindered the growth of the UK’s trade with non-EU nations (including with its former colonies), with insufficient benefit gained from trading with EU member states to compensate.

Belarus is preparing to build a tractor factory in Angola to modernize agriculture, a logistics center and a diverse machinery network for industry. This was said on Monday in the country by the Foreign Affairs Minister of Belarus, Wladimir Makei, at the end of a meeting with his Angolan counterpart, Georges Chikoti, who is paying a working visit to that European country, reads a note from the MIREX that reached Angop. According to Wladimir Makei, the visit of the Angolan official paves the way for the exchange of information on financial, technological, scientific, academic and cultural capacity.

British investors, under their umbrella organization called Made in Africa Initiative, have disclosed that they want to establish two industrial parks in Uganda to deal in export and import substitution with the support of the British Department of International Development. The entrepreneurs made their plans known in a meeting with President Yoweri Museveni yesterday at State House, Entebbe. The British High Commissioner to Uganda, Mr. Peter West, led the delegation that included Ms. Hellen Hai, Chief Executive Officer of Made in Africa Initiative. State Minister for Privatization and Investment, Hon. Anite Evelyn, attended the meeting. The President thanked the British entrepreneurs for coming to visit Uganda and assured them of support to realize the success of their investment project in the country.

Germany is calling for the renegotiation of some of the European Union's trade agreements with Africa, terming them unfair. Some African countries have been calling for a review of these agreements, which they term as skewed to promote EU interests on the continent. Speaking at an event for non-governmental organisations in Hamburg, German Chancellor Angela Merkel said that some of the trade contracts between the EU and Africa were "not right." "We'll speak again at the EU Africa Summit in November about how we need to renegotiate them," Chancellor Merkel said, as she sought to drum up global support for African development. She was hosting African leaders on June 19, ahead of next month's Group of 20 Summit.

Ambassador Michel Arrion, the outgoing Head of the Union (EU) delegation to Nigeria and ECOWAS, has enjoined Nigeria to reconsider its reluctance to sign the Economic Partnership Agreement (EPA). Arrion gave the advice at the Nigerian-Belgian Chamber of Commerce (NBCIDC) and the Nigerian-Belgian Commercial and Documentation Centre’s June Breakfast Meeting in Lagos with the theme, “Unlocking Nigerian SME Potential to the EU Market”.The EU Representative said that it was imperative to reconsider the benefits of EPA and join other countries currently taking advantage of the opportunities in the agreement