Experts from seven African regional economic commissions, AUC, AfDB, the UN Economic Commission for Africa, UN Conference on Trade and Development (UNCTAD), academia, research institutions and civil society have met to discuss the possible structure and content of a Continental Free Trade agreement (CFTA). The meeting which was hosted in the Ivorian capital Abidjan by […]
Key Facts
China lending to LatAm soared 200 percent to $29 billion, including $400m to Costa Rica
Chinese loans to Latin American and Caribbean governments and the region’s state-owned firms climbed sharply in 2015 despite the slowing Chinese economy, rising to US $29 billion and focused once again on Venezuela, Brazil and Ecuador, the Inter-American Dialogue public policy think tank said in its annual report issued this month. From nuclear power plants in […]
FDI India growing 48%, falling elsewhere: Sitharaman
Mumbai, Feb 8: Foreign direct investment in India has been growing around 48 percent despite the global economic slowdown that has seen FDI declining elsewhere, Commerce Minister Nirmala Sitharaman said on Monday. “FDI in the world is falling… India is the only country where foreign investments are growing,” she said at the inaugural ceremony of […]
ILO warns shock to BRICS may hurt global economy
THE International Labour Organization (ILO) has warned that any shock to the economies of Brazil, Russia, India, China and South Africa (BRICS) could spell doom for the building of a virile middle class globally. The Director General of the ILO, Guy Ryder, who stated this at the first ever meeting of Ministers of Labour and […]
FDI into India up 75% in 2015 after govt steps to boost investment, says UN body
Geneva – Foreign Direct Investment flows into India nearly doubled in 2015 while the US emerged as the top host country for FDI last year, the UN’s trade agency said today. Global FDI flows “unexpectedly” increased significantly by 36 per cent, according to the annual report of the United Nations Conference on Trade and Development […]
ASEAN Economic Integration: Opportunities and Challenges that Lie Ahead
The Association of Southeast Asian (ASEAN) leaders adopted the ASEAN Vision 2020 hoping to strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations while creating a community that lived in shared stability and prosperity. The purpose of establishing an integrated economic community is to accelerate economic growth, enhance trade development in […]
Africa: China-Africa Cooperation Ushers in New Era of Mutual Benefits
Johannesburg — The year of 2015 will go down to the annals of history as the year which saw Sino-Africa relations take a giant leap forward. Politicians and experts have agreed that this is the year where the relations between Africa and China was at the highest level. The year started with the African Union […]