ATPC Daily Digest 26 July 2018

 

INTERNATIONAL

Xi urges fellow BRICS countries to reject go-it-alone trade - Chinese President Xi Jinping said there would be no winner in a global trade war, urging fellow developing powers on Wednesday to reject unilateralism in the wake of tariff threats by U.S. President Donald Trump. Trump’s warnings have given Brazil, Russia, India, China and South Africa fresh impetus to enhance trade cooperation. (Reuters)

Keywords: BRICS, Unilateralism, Global trade, President Xi

US gas roadmap to power and light sub-Saharan Africa - Kenya and Tanzania are among nine African countries set to benefit from an ambitious US-led initiative to invest in gas-powered power plants. The Gas Roadmap launched in June by the US Agency for International Development's Power Africa co-ordinator, is an initiative that seeks to add some 16,000MW of gas-fired power in nine countries by 2030. (Tralac)

Keywords: US, Sub-Saharan Africa, Gas-fired power

UK – Africa trade: Now is an exciting time! - Two years on from the referendum decision to leave the European Union, the UK is actively redefining its trading relationships with the world. Emma Wade-Smith, Her Majesty’s Trade Commissioner for Africa explains that the UK has a unique opportunity to champion free trade and build new business partnerships that will create sustainable jobs and wealth for more people. Nowhere is this vision more relevant than in Africa. (Business Day)

Keywords: UK, Africa trade, Business partnerships

Now is the time to speak up for trade and the trading system - At a meeting of the full WTO membership held on July 24, Director-General Roberto Azevêdo outlined the economic and systemic threats posed by the growing tensions in global trade and called on “everyone who believes in trade as a force for good” to speak up in its defence.(Tralac)

Keywords: Trading system ,WTO, Global trade

 

PAN AFRICAN

Africa must trade smart by focusing on intra-African opportunities - The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has said that with the rapidly changing world of trade and rising echoes of unilateralism, Africa must trade smartly, starting by ensuring rapid growth in Intra-African trade. (BizNis Africa)

Keywords: Africa, Unilateralism, Intra-African trade

Africa urged to strengthen IP legal mechanisms - Intellectual Property (IP) experts are calling on Southern African Development Community (SADC) countries to implement intellectual property rights enforcement mechanisms to help deter international trademark counterfeiting, copyright piracy and other forms of infringement spanning all sectors in the region.(The Southern Times)

Keywords: Africa, Intellectual Property, Legal mechanisms

 

CENTRAL AFRICA

The European Union provides CFA6.5BN to support competitiveness in Cameroon - Cameroonian minister of economy and the head of the European delegation in Cameroon Hans Peter signed the funding agreement worth  €10M to support competitiveness in Cameroon. Hans explained that via this scheme, the European Union wants to encourage necessary reforms and support the dynamism of the local economic operators. (Business in Cameroon)

Keywords: EU, Cameroon,Funding agreement

 

EAST AFRICA

Kenya-UK trade activities suffer glitches due to new policies - Trade between Kenya and the United Kingdom has been declining for a decade because of a ban on local horticultural products. According to the report by the Export Promotion Council and the UK’s Department of International Development (DfID), exports to the UK started to decline in 2008. (Standard Media)

Keywords: Kenya, UK, Horticulture  

Eritrean Port of Massawa ready to give services to Ethiopia - Eritrea prepared the port of Massawa to contribute to the flow of Ethiopian import and export of basic products. The director of the Port Administration of that marine enclave, Layne Asfahaley, pointed out that an intensive phase of renovation of infrastructures has concluded to adequately fulfill those purposes. (Prensa Latina)

Keywords: Eritrea, Ethiopia,  Port of Massawa, Infrastructure

Ugandan Government rushes to control sugar exports - By Friday this week, the Ugandan government would have decided on whether to limit sugar exports or ban them altogether in order to protect the local market from shortage.The move follows a sugar shortages in Kenya that has seen local traders rush to exploit the crisis across the border. Government now fears if the exports to Kenya remain unrestrained, it could trigger a rise in prices of sugar in Uganda. (Daily Monitor)

Keywords: Uganda, Sugar exports, Local market

Uganda's grain trade benefiting from local content policy - Uganda’s push for local content to boost production jobs and incomes is starting to bear fruit for the agribusiness sector. It has emerged that in the past three years, relief agencies that buy grain in bulk have procured more food locally. (The East African)

Keywords: Uganda, Grain trade, Content policy

 

NORTH AFRICA

Morocco emerges as manufacturing & export base - Morocco enjoys political stability and has a forward-looking economic strategy that enabled it to emerge as a regional manufacturing and export base for international companies, said the US State Department in new report on the climate of investment across the globe.(The North Africa Post)

Keywords: Morocco, Manufacturing & export base, Economic strategy

Egypt: Cabinet approves setting up Russian industrial zone at SCZone - The Cabinet approved on Wednesday under Prime Minister Moustafa Madbouli a presidential draft decision approving an agreement with Russia to set up a Russian industrial zone in the Suez Canal Economic Zone (SCZone). The project is aimed at manufacturing high quality products and creating more job opportunities. (Egypt Today)

Keywords: Egypt, Russia, Industrial Zone, Manufacturing

 

SOUTHERN AFRICA

A Review of South Africa’s Trade and Investment Relationship with BRIC - Deloitte has drawn up a report analysing South Africa’s relationship with Brazil, Russia, India and China, which shows that over the past 15 years, Brazil and Russia’s trade with South Africa has remained marginal compared to that of India and China. This is largely because the economies of Brazil, Russia and South Africa are commodity-based. The three countries have very similar trade profiles and have limited room for trade among each other.. (Deloitte)

Keywords: South Africa, BRICS, Investment Relationship

South African government denounces rising protectionism - South African government officials on Tuesday reiterated their opposition to the growing isolationist policy and anti-globalization as harming global trade. South African Minister of Finance Nhlanhla Nene said there is a consensus on many countries that the correct path is the rules-based open market as opposed to protectionist policy.(Xinhua)

Keywords:  South Africa, Isolationist policy , Global Trade

Turkey's President calls for stronger bilateral and trade relations between Turkey and Zambia - Turkey's President Recep Tayyip Erdogan has called for stronger bilateral and trade relations between Turkey and Zambia. President Erdogan said the trade volume between Zambia and Turkey, which stands at US$22 million as at 2017, does not reflect the potential of the two countries.(Lusaka Times)

Keywords: Turkey, Zambia, Bilateral and trade relations

 

WEST AFRICA

DP World to build new logistics hub in Mali - The global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali. (New Business Ethiopia)

Keywords: DP World, Mali, Logistics hub

Nigeria industrial council moves to improve operation of free trade zones - The Nigeria Industrial Council and Competitiveness Advisory Council has moved to review fiscal arrangements and incentives applicable to the country’s free trade zones (FTZs) with the view to ensuring competitiveness of goods produced in the FTZs in the local and export markets. (Premium Times)

Keywords: Nigeria, Industrial council, Free trade zones