Video guest: Josephine Mwangi

May 2017
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EDITO
Monday, 29 May 2017

The UN and EU are serious about supporting Government's initiative of leaving no one behind. UN resident co-ordinator Osnat Lubrani made the comment during the launch of a report on leadership training and dialogue for the people of Rotuma. Launching the report, President Jioji Konrote, said capacity building initiative on leadership for the island's chiefs, women and youths was the first of its kind.

The economic partnership agreement (EPA) is the EU’s current model framework governing trade, investment and cooperation with developing countries on a reciprocal basis. It is the successor to the Cotonou Agreement of 2000 with African, Caribbean and Pacific (ACP) countries. Only the Caribbean has signed an EPA. The EU has sought to negotiate with African regional groups. This has proved challenging since the membership of the bodies are at different stages of development. The Economic Community of West African States (ECOWAS) provides a good example. Nigeria and The Gambia have declined to sign an EPA for the community.

EU sugar prices increased again in May, according to new European Commission figures, as raw sugar imports fell compared with last year. Recently released data, based on informationsubmitted by EU sugar producers and refiners, shows the quota sugar price inMay was €433 per tonne. This is €5/t up on April and €14/t higher than the samemonth last year.

This island’s Ambassador to CARICOM, His Excellency Hon. Robert “Bobby” Morris, has stated that while he was unsure about the impact that Brexit will have on the Caribbean he has noticed that Britain has increased its trade with Barbados. That point was made during a panel discussion that was led by Moderator Corey Sandiford, and discussed by panelists, Political Consultant Peter Wickham and Writer and Communications Consultant Adwele Boyce at the Christ Church Foundation School on Wednesday night.

UN trade conference in Nairobi says boosting intra-African trade would help protect continent from economic shocks. African countries must trade more between themselves to be better equipped to deal with shocks in the global economy such as that caused by Britain’s vote to leave the EU. Speakers at a forum on the sidelines of the 14th UN Conference on Trade and Development (Unctad) said enhanced intra-African trade would reduce poverty and help development at a faster rate than most other reforms and would make regional blocs within the continent more attractive to investors.