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Items filtered by date:March 2018

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EDITO
Saturday, 22 September 2018

Ghana's large food import bill presently amounts to two million dollars a year, a development which will affect the country's economy without a quick change in policy. The Netherlands Ambassador to Ghana, Mr. Ron striker who said this in Accra, yesterday, observed that Ghana, mainly imports products like rice, sugar, frozen chicken and oil which could be easily produced in the country. Mr. Striker who was speaking at the launch of the first Value Added Agriculture Expo in West Africa, slated for August 2 to 4 in Ghana, said boosting agriculture was essential to attaining the president's vision of 'Ghana beyond Aid'.

A European Union (EU) push to increase the number of goods entering the East African Community (EAC) without paying duty has delayed the signing of a trade pact between the two blocs. The standoff has seen only two out of five states endorse the Economic Partnership Agreement (EPA) under special arrangement with the EU to continue accessing the duty-free market. If the EAC bows to pressure, the move will mean that 17.5 per cent of goods from Europe that have been blocked from accessing the bloc duty-free allowed entry.

A senior Bahamian private sector official says he hopes local companies will together with their counterparts from Jamaica and Belize, be more aware of the opportunities offered by the Caribbean Forum (CARIFORUM)-European Union (EU) Economic Partnership Agreement (EPA). The accord, which was signed in 2008, replaces the trade component of Lomé IV and its successor, Cotonou Agreement in 2000.

Monday, 19 March 2018

The secondary effect of the common agricultural policy (CAP) on African agriculture is a source of concern for MEPs. In recent years exports of powdered milk have soared, threatening the African dairy sector. If Europeans farmers profit from the policy set up by the EU, the collateral damages in developing countries can sometimes be quite significant.

During the last eleven months, Cameroon’s exports of sawn wood to the European Union have decreased by 21% to stand at 293,800 m3. This is revealed by a sectoral report of the International Tropical Timber Organization (ITTO). Cameroon is not the only country whose exports of sawn wood to the EU have decreased. The exports of all the 10 largest sawn wood suppliers, Cameroon included, have also decreased.