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Saturday, 21 April 2018

On July 18, the comprehensive Economic Partnership Agreement (EPA) between the East African Community (EAC) and the European Union (EU) was set to be signed, however, it did not go ahead as planned. Officials who spoke to The New Times over the weekend were non-committal on divulging details pertaining to the sudden change of heart that comes after Tanzania recently decided to halt signing, citing the "turmoil" that the EU is experiencing following Britain's exit. The East African Business Council (EABC) has been advising partner states to sign the deal earlier than previously agreed as further delay, it argued, would hamper EAC exports to the EU.

From October, Angolan company Novagrolider plans to start exporting 200 tonnes of bananas a week to Portugal, Spain and France, the company’s chief executive João Macedo said in Luanda. Novagrolider produces 150,000 tons of various products annually and on a monthly basis exports about 70 tonnes of bananas to the Democratic Republic of Congo (DRC). According to the CEO these amounts are below the company’s potential. With an investment of about US$200 million, Novagrolider has production areas in the provinces of Kwanza Sul, Bengo and Luanda and will expand its structure to the provinces of Huíla and Cunene, with the production of fruit and vegetables.

In order to promote mutual trade and investment opportunities in the fresh fruit sectors between South Africa and Italy, Fruit South Africa and the Associazione Italiana Commercio Estero (AICE), a non-profit entrepreneurial association, established in Milan, have signed a Memorandum of Understanding (MoU). AICE has over 70 years' experience working to promote business relations between Italy and the rest of the world. It represents Italian companies that are predominantly committed to commercial activities abroad such as trading, export, import, countertrade, buying-offices, export management as well as services activities related to small and medium enterprises.

The European Commission will today, 19 July 2016, announce the results of its evaluation of the Cotonou Partnership Agreement (CPA), and report on the good progress being made towards the main objectives of the partnership between the EU and the African, Caribbean and Pacific (ACP) States. The agreement is making a considerable contribution to the eradication of poverty, and increased integration of the African, Caribbean and Pacific (ACP) countries into the world economy, and is enhancing the capacity of regional organisations to intervene in conflict management, according to the evaluation.

Held for the first time in 1964, the Conference was granted the status of a permanent ‘subsidiary body’ of the UN General Assembly. In its first three decades, UNCTAD (or its French acronym, CNUCED), was a forum for the G-77, a group of developing countries advocating a new international economic order (NIEO) for better control of their resources, over foreign investments and international trade. As a result, UNCTAD is at the origin of several agreements intended to ease the access of developing countries to the international market.