Tag #Afcfta

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elpais.com

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Sep 18, 07:17

Africa's AfCFTA: A Path to Industrialization and Value Addition

The African Continental Free Trade Area (AfCFTA) aims to boost intra-African trade in manufactured goods and value-added minerals, although challenges remain in overcoming the lack of industrial base and establishing efficient logistics.

Africa's AfCFTA: A Path to Industrialization and Value Addition

The African Continental Free Trade Area (AfCFTA) aims to boost intra-African trade in manufactured goods and value-added minerals, although challenges remain in overcoming the lack of industrial base and establishing efficient logistics.

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Decent Work and Economic Growth

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What are the major obstacles hindering Africa's industrialization, and what role do global powers play?

Competition from efficient producers like Bangladesh and Cambodia, inadequate infrastructure (both physical and logistical), and the global shift towards more cautious investment pose significant challenges. While some aid promotes autonomy, the pursuit of strategic minerals by global powers, coupled with debt pressures, can still lead to extractive agreements.

africa.chinadaily.com.cn

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May 2, 10:12

AfCFTA: Africa's Response to Global Economic Shifts

Amidst US tariffs and AGOA's uncertain future, 48 of 54 African nations have ratified the AfCFTA to boost intra-African trade, reduce external market reliance, and foster economic growth by leveraging the continent's youthful population and abundant resources.

AfCFTA: Africa's Response to Global Economic Shifts

Amidst US tariffs and AGOA's uncertain future, 48 of 54 African nations have ratified the AfCFTA to boost intra-African trade, reduce external market reliance, and foster economic growth by leveraging the continent's youthful population and abundant resources.

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Decent Work and Economic Growth

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What long-term implications could the successful implementation of AfCFTA have for Africa's economic trajectory and its role in the global economy?

Africa's youthful population (projected 60% under 20 by 2100) and abundant mineral resources position the continent as a future market leader. AfCFTA's success hinges on strategic industrialization, responsible resource management, and deliberate investment to capitalize on these advantages and realize economic growth.

europe.chinadaily.com.cn

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Mar 14, 07:13

China's Transformative Economic Engagement with Africa

China's economic engagement with Africa, exceeding \$282 billion in bilateral trade in 2023, is transforming the continent's relationship with the global system, moving it closer to the core by fostering industrialization, infrastructure development, and technological advancement, contrasting with h...

China's Transformative Economic Engagement with Africa

China's economic engagement with Africa, exceeding \$282 billion in bilateral trade in 2023, is transforming the continent's relationship with the global system, moving it closer to the core by fostering industrialization, infrastructure development, and technological advancement, contrasting with h...

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No Poverty

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What is the most significant impact of China's economic engagement with Africa, and how does it challenge existing global economic hierarchies?

China's engagement with Africa, exceeding \$282 billion in bilateral trade in 2023, marks a significant shift from traditional exploitative relationships. This involves substantial investments in infrastructure, manufacturing, and technology, directly addressing Africa's development challenges and fostering industrialization.

europe.chinadaily.com.cn

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Feb 17, 07:09

AU Summit: Africa Seeks Reparations, Economic Integration for Global Influence

The 38th African Union Summit in Addis Ababa focused on reparations for historical injustices, emphasizing economic integration through initiatives like the Africa Credit Rating Agency and the African Continental Free Trade Area (AfCFTA) to improve Africa's global standing.

AU Summit: Africa Seeks Reparations, Economic Integration for Global Influence

The 38th African Union Summit in Addis Ababa focused on reparations for historical injustices, emphasizing economic integration through initiatives like the Africa Credit Rating Agency and the African Continental Free Trade Area (AfCFTA) to improve Africa's global standing.

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Reduced Inequality

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What concrete steps are being taken at the AU summit to address historical injustices and promote Africa's economic self-determination?

The African Union (AU) summit focused on reparations for slavery and colonization, aiming for economic integration to overcome historical injustices and boost Africa's global influence. This includes establishing the Africa Credit Rating Agency to counter unfair global financial practices and fostering the African Continental Free Trade Area (AfCFTA) for enhanced trade.

europe.chinadaily.com.cn

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Feb 12, 04:12

UNCTAD Report: AfCFTA Key to Addressing Africa's Economic Vulnerabilities

The UNCTAD 2024 Economic Development in Africa Report, presented in Abidjan, highlights Africa's vulnerability to global shocks due to commodity dependence and infrastructure gaps, recommending policy reforms, infrastructure investment, and enhanced regional trade integration via the AfCFTA to creat...

UNCTAD Report: AfCFTA Key to Addressing Africa's Economic Vulnerabilities

The UNCTAD 2024 Economic Development in Africa Report, presented in Abidjan, highlights Africa's vulnerability to global shocks due to commodity dependence and infrastructure gaps, recommending policy reforms, infrastructure investment, and enhanced regional trade integration via the AfCFTA to creat...

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Decent Work and Economic Growth

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What are the key challenges facing African economies, and how can the African Continental Free Trade Area (AfCFTA) mitigate these challenges?

The UNCTAD 2024 report highlights Africa's vulnerability to global shocks due to commodity dependence and high trade costs, emphasizing the need for policy reforms, infrastructure investment, and regional trade integration via the AfCFTA to create a \$3.4 trillion market. Cote d'Ivoire, contributing 40 percent of West Africa's GDP growth and 30 percent of its foreign investment, exemplifies successful strategies.

fr.allafrica.com

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Dec 14, 16:13

Madagascar Integrates Green Initiatives into AfCFTA Strategies

Madagascar launched an ambitious project to integrate green initiatives into its African Continental Free Trade Area (AfCFTA) strategies, aligning its Nationally Determined Contributions (NDCs) with AfCFTA goals to combat climate change and promote sustainable trade, involving stakeholder consultati...

Madagascar Integrates Green Initiatives into AfCFTA Strategies

Madagascar launched an ambitious project to integrate green initiatives into its African Continental Free Trade Area (AfCFTA) strategies, aligning its Nationally Determined Contributions (NDCs) with AfCFTA goals to combat climate change and promote sustainable trade, involving stakeholder consultati...

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Climate Action

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How does UNCTAD's approach support Madagascar's efforts, and what key economic models or policy tools are being used?

This initiative leverages the UN Conference on Trade and Development (UNCTAD)'s approach using economic models to identify key products and policies, such as carbon pricing, to reduce emissions while boosting intra-African trade. Madagascar's actions are part of a broader UNCTAD project supporting ten African nations in developing national strategies for integrating green value chains into AfCFTA.

dw.com

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Jul 17, 16:16

Slow Ratification of African Free Movement Protocol Hinders AfCFTA Implementation

Only four of 32 signatory African nations have ratified the 2018 Protocol on Free Movement of Persons, delaying the full implementation of the African Continental Free Trade Area (AfCFTA) due to security concerns, lack of harmonized border systems, and potential revenue loss from visa fees.

Slow Ratification of African Free Movement Protocol Hinders AfCFTA Implementation

Only four of 32 signatory African nations have ratified the 2018 Protocol on Free Movement of Persons, delaying the full implementation of the African Continental Free Trade Area (AfCFTA) due to security concerns, lack of harmonized border systems, and potential revenue loss from visa fees.

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How does the lack of harmonized border systems and potential revenue losses from visa fees affect the ratification process, and what solutions are being proposed to address these issues?

Security concerns, lack of harmonized border systems, and potential revenue loss from visa fees are cited as reasons for the slow ratification. Rwanda's success in implementing free movement, including efficient border tracking systems and increased tourism revenue, is presented as a model. Peer-to-peer learning initiatives are underway to address these challenges.

dw.com

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Apr 23, 22:12

AGOA's Uncertain Future: Trump Tariffs Threaten US-Africa Trade

The African Growth and Opportunity Act (AGOA), providing duty-free US market access for sub-Saharan African countries, faces potential termination in 2025 due to Trump-era tariffs, threatening thousands of jobs and highlighting Africa's limited bargaining power with the US.

AGOA's Uncertain Future: Trump Tariffs Threaten US-Africa Trade

The African Growth and Opportunity Act (AGOA), providing duty-free US market access for sub-Saharan African countries, faces potential termination in 2025 due to Trump-era tariffs, threatening thousands of jobs and highlighting Africa's limited bargaining power with the US.

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Decent Work and Economic Growth

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What are the immediate economic consequences for African nations if the AGOA trade agreement is not renewed by the US?

The African Growth and Opportunity Act (AGOA), granting duty-free US market access to over 1,800 products from eligible sub-Saharan African countries, is nearing its 2025 expiration. Trump's tariffs, including a 50% levy on Lesotho, threaten AGOA's renewal, jeopardizing thousands of jobs, as exemplified by a Ghanaian fabric company employing 5,000 workers whose US market access is at risk.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 17, 07:09

AU Summit Focuses on Reparations and Economic Integration for Africa

The 38th African Union Summit, held in Addis Ababa from February 18th-22nd, focused on reparations for historical injustices and economic integration, aiming to improve Africa's global standing and development through initiatives such as the Africa Credit Rating Agency and visa liberalization.

AU Summit Focuses on Reparations and Economic Integration for Africa

The 38th African Union Summit, held in Addis Ababa from February 18th-22nd, focused on reparations for historical injustices and economic integration, aiming to improve Africa's global standing and development through initiatives such as the Africa Credit Rating Agency and visa liberalization.

Progress

36% Bias Score

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Reduced Inequality

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How do the current global economic structures disadvantage Africa, and how does the AU plan to counteract these disadvantages?

Africa's low representation in global trade (less than 3 percent) and manufacturing (1 percent) despite significant resources (30 percent of world's mineral reserves, 65 percent of arable land) highlights systemic disadvantages. The AU's push for economic integration, including the AfCFTA and a common market, seeks to address this by creating a larger, more influential economic bloc. This strategy aims to increase Africa's bargaining power and attract more investment.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 12, 04:11

UNCTAD Report: Strategies for Transforming Africa's Economic Challenges

The UNCTAD's 2024 Economic Development in Africa Report, presented in Abidjan, Cote d'Ivoire, on Monday, outlines strategies for Africa to leverage the AfCFTA to create a \$3.4 trillion market by addressing infrastructure gaps, diversifying exports, and boosting intra-African trade, using Cote d'Ivo...

UNCTAD Report: Strategies for Transforming Africa's Economic Challenges

The UNCTAD's 2024 Economic Development in Africa Report, presented in Abidjan, Cote d'Ivoire, on Monday, outlines strategies for Africa to leverage the AfCFTA to create a \$3.4 trillion market by addressing infrastructure gaps, diversifying exports, and boosting intra-African trade, using Cote d'Ivo...

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How can the African Continental Free Trade Area (AfCFTA) contribute to economic diversification and inclusive growth in Africa?

Africa's over-reliance on commodities for export earnings (over 60 percent for half its nations) leaves it susceptible to volatile global markets. The report advocates for export diversification, intra-African trade growth, and SME support (80 percent of African jobs) to build resilience.

usa.chinadaily.com.cn

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Feb 12, 04:12

UNCTAD Report: Africa's Economic Vulnerabilities and the AfCFTA's Potential

The UNCTAD 2024 Economic Development in Africa Report, presented in Abidjan on Monday, emphasizes Africa's vulnerability to global shocks due to commodity dependence and infrastructure gaps, advocating for the AfCFTA's full implementation to create a $3.4 trillion market and recommending policy refo...

UNCTAD Report: Africa's Economic Vulnerabilities and the AfCFTA's Potential

The UNCTAD 2024 Economic Development in Africa Report, presented in Abidjan on Monday, emphasizes Africa's vulnerability to global shocks due to commodity dependence and infrastructure gaps, advocating for the AfCFTA's full implementation to create a $3.4 trillion market and recommending policy refo...

Progress

36% Bias Score

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What are the key vulnerabilities of African economies highlighted in the UNCTAD report, and what immediate steps are needed to address them?

The UNCTAD 2024 Economic Development in Africa Report, launched in Abidjan, highlights Africa's vulnerability to global shocks due to commodity dependence and high trade costs (50 percent above the global average). The report emphasizes the potential of the African Continental Free Trade Area (AfCFTA) to create a $3.4 trillion market and recommends policy reforms, infrastructure investment, and enhanced regional trade integration to mitigate risks and foster growth.

allafrica.com

🌐 75% Global Worthiness

Dec 3, 12:35

South Africa and Nigeria to Boost Trade and Investment

South African and Nigerian ministers met to strengthen economic ties, focusing on increasing trade and investment, particularly in infrastructure, utilizing the AfCFTA, and celebrating 30 years of diplomatic relations.

South Africa and Nigeria to Boost Trade and Investment

South African and Nigerian ministers met to strengthen economic ties, focusing on increasing trade and investment, particularly in infrastructure, utilizing the AfCFTA, and celebrating 30 years of diplomatic relations.

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How will the increased trade and investment between South Africa and Nigeria impact economic growth and job creation in both countries?

South Africa and Nigeria aim to significantly boost bilateral trade and investment, focusing on infrastructure projects and leveraging the African Continental Free Trade Area (AfCFTA). Minister Lamola emphasized the need for increased economic collaboration, noting the substantial size of both economies. This initiative seeks to unlock untapped economic potential and create numerous job opportunities.

Showing 1 to 12 of 12 results