For aid for trade advocates, the Addis Ababa Action Agenda of the third International Conference on Financing for Development is likely welcome news — it mentions trade 53 times and includes a section on the importance of trade in reducing poverty. When many of those working on aid for trade issues gathered at the start of this […]
Trade
Africa Leaders sign ‘Cape to Cairo’ free trade bloc deal
African leaders signed Wednesday a 26-nation free trade pact to create a common market that would span half the continent from Cairo to Cape Town. The Tripartite Free Trade Area (TFTA) deal, which must still be fine-tuned and ratified, caps five years of talks to set up a framework for preferential tariffs to ease the […]
TFA could cut trade costs by up to 17.5%, says OECD
Full implementation of the World Trade Organisation’s (WTO) trade facilitation agreement (TFA) could reduce global trade costs by up to 17.5%, according to the OECD. The 2015 OECD trade facilitation indicators (TFIs) have determined that developing countries have the greatest opportunities for trade cost reduction through the TFA, as most upper middle and high income […]
Iran and China Signed Goods-for-Oil Trade Agreement: Mehr News
Iran receives goods, services as payment for 65% of oil it sells to China, which pays cash for remaining 35%, Mehr news agency reports, citing Asadullah Asgarolladi, head of Iran-China joint chamber of commerce. Continue reading at: Bloomberg Business
African Economies to Grow 4.5% on Average in 2015
NAIROBI- Africa’s fitful and uneven economic growth will gain momentum this year and next, three prominent organizations said in a joint report released on Monday. Continue reading at: Wall Street Journal
Japan rivals China in East Africa investment
Japan has upped the competition with China in aiding East Africa’s development after signing a US$275 million loan to fund Kenya’s second phase of the Mombasa port expansion, reports our Chinese-language sister paper Want Daily. The US$275 million loan is part of a US$546 million contract aiming to move along the 2020 projected completion date […]
West Africa: EU Approves 6.5 Billion Euros for Trade in West Africa, Liberia Inclusive
The European Union Delegation to Liberia has announced the decision of the European Council to provide at least 6.5 billion euros for the Economic Partnership Agreement Development Program (PAPED) for West Africa during the period 2015 – 2020. All Africa