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Thursday, 29 June 2017

Minister of National Development and Planning Lucky Mulusa has called on the African, Caribbean and Pacific (ACP) countries to re-examine trade policy with their EU counterpart. Mulusa who is leading a high-power Zambian delegation to the European Development Days (EDD 2017) Conference in Brussels, Belgium said it was time developing countries migrated from rhetoric to discussing issues that are more practical with potential to create wealth for least developed Countries. He said although trade remains a key component in discussions surrounding EU-ACP relationship post-Cotonou Agreement, it was critical for Africa to emphasise value addition as one of the drivers of job and wealth creation.

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.

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

If going by the forecast, Nigeria market is billed to become the third largest world economy after China by 2050, said the European Ambassador to ECOWAS, Mr. Michel Arrion. Speaking during his working visit to the Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) National Secretariat, Oba Akinjobi, Ikeja GRA, Lagos, on Friday, Arrion who was accompanied on the visit by Mr. Filipo Amato, EU Head, Trade & Economic Section, said that Nigeria remained one of the biggest markets in the world with potentials market for exportation. According to the Ambassador, “Nigeria is paradoxical and it is one of the richest markets in the world. Because private sector contributes a bulk to income generation and distribution Nigeria will be the third largest world economy in 2050.

The Imaging Technology for Precision Agriculture Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Imaging Technology for Precision Agriculture industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Imaging Technology for Precision Agriculture market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures.

Kenya is likely to lose her European Union (EU) market share of French beans to Morocco and Guatemala due to high cost of production, exporters have warned. Favoured by efficient production factors, the two countries are said to have grown their market share almost edging out Kenya, a situation that might be disastrous to local farmers. Fresh Produce Exporters Association of Kenya (FPEAK) new CEO Hosea Machuki said Kenya is grappling with high production and freight cost coupled with overpricing despite producing high quality beans. Morocco, he said, though produces mainly bobby beans that are considered of lower value as compared to Kenyan products that are usually premium class has expanded her market share in EU owing to aggressive marketing and its proximity.

Representatives of Guinea-Bissau and the European Union (EU) are meeting in Brussels on Monday for a new round of negotiations on the next fishing agreement the EU will have with the country, according to the local press. This new round, which runs until Wednesday, is the fourth since the end of March that the parties have held without reaching an understanding on the format of the new agreement. Guinea Bissau’s Fisheries Minister Orlando Viegas said at the end of the third round earlier this month that the differences of opinion in the process lie in the model each party intends to give to the new agreement, according to the report published in Jornal de Angola. The proposals put forward by the Guinean authorities require an increase of rates compared with what the EU has been paying for the rights to explore the Exclusive Economic Zone’s fishing resources.

The Council adopted conclusions on a renewed impetus for the Africa-EU partnership. The conclusions state that the EU has a genuine strategic interest in deepening and strengthening its longstanding partnership with Africa. The Council welcomes the adoption of the joint communication by the High Representative and the Commission for a renewed impetus of the Africa-EU partnership. The conclusions prepare the Africa-EU Summit to take place in November, whose theme is "Investing in youth", which has become a key priority for Europe as well as for Africa, in a context of African demographic trends creating major challenges in terms of economic development and job creation, security, political participation and migration

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