Category: Trade

Trade : Algeria signs Hosting Agreement for Intra-African Trade Fair 2025

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L'Algérie signe l'accord d'accueil de la Foire commerciale intra-africaine 2025

The IATF is now a foremost event in the African calendar of economic, social, trade and even policy events The Host Agreement Signing Ceremony for the Intra-African Trade Fair 2025 (IATF2025) took place in Algiers on 15 April 2024. The Ceremony, which was hosted by the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the African Union and the AfCFTA Secretariat, and the Government of the People’s Democratic Republic of Algeria, paves the way for the fourth edition of the Intra-African Trade Fair to take place from 4 – 10…

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WTO: Tunisia’s Trade Policy and Practices to Undergo Fourth Review Soon

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Organisation mondiale du commerce : Bientôt le 4e examen de la politique et des pratiques commerciales de la Tunisie

The Trade Policy Review (TPR) report serves as a crucial benchmark on the international stage, reflecting Tunisia’s level of economic openness and fostering trust among the country’s trading partners and financiers. The launch of the fourth Trade Policy Review of Tunisia by the World Trade Organization (WTO) is imminent, with the date to be determined in consultation with the government. These anticipations were announced on April 5 following the third meeting of the National Commission for Relations with the WTO, according to a statement from the Ministry of Trade and…

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UNECA publishes AfCFTA implementation strategies synthesis report

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The United Nation Economic Commission for Africa (UNECA) has recently published a report which provides a snapshot of AfCFTA implementation strategies in the continent, with a list of the countries and the Regional Economic Communities (RECs) that have adopted them and a description of their core elements, the process by which they were developed, and experiences of some African states in their implementation. The AfCFTA implementation strategies are policy documents that define strategies for expediting the implementation of the AfCFTA Agreement and realize its benefits at national and regional levels. They are based on a decision adopted by the Conference of African Ministers of Finance,…

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WOMEN AND TRADE : WTO and EIF host discussion on trade policy and women’s economic empowerment

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An event titled “A joint conversation on women’s economic empowerment”, hosted by the WTO and the Enhanced Integrated Framework (EIF) on 26 March, provided a platform to showcase recent advances and initiatives aimed at addressing gender inequality in trade and fostering women’s empowerment. Speakers at the event presented recent developments concerning trade and gender. The WTO’s Trade and Gender Office highlighted three member-led outcomes on trade and gender from the 13th WTO Ministerial Conference, marking a significant milestone in advancing gender-responsive policies. Anoush der Boghossian, the Head of the WTO’s Trade and Gender Office,…

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South Korea Seeks to Strengthen Trade Ties with Three African Nations

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The Ministry of Trade, Industry and Energy said Wednesday it has discussed ways to expand trade cooperation with three African countries by concluding Economic Partnership Agreements (EPAs). Trade Minister Cheong In-kyo met with the ambassadors of Morocco, Tanzania and Kenya in Seoul to discuss ways to strengthen economic ties between South Korea and Africa, the ministry said. An EPA aims to establish a mutually beneficial trade network with partner nations beyond simple market opening, though it has a more limited scope compared to a traditional free trade agreement (FTA). South…

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Afreximbank’s Fund for Export Development in Africa inaugurates Kigali office with eye on addressing Africa’s $110 billion equity financing shortfall

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The African Export – Import Bank (Afreximbank) has officially unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap for intra-African trade, value-added export development, and industrialisation value chains, with Rwanda being the first among fifteen African nations to ratify its establishment agreement. The event was graced by the Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda who was accompanied by the President and Chairman of the Board of Directors of Afreximbank,…

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African Development Bank approves $150 million Regional Trade Finance Unfunded Risk Participation Agreement facility for Eastern and Southern African Trade & Development Bank (TDB)

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The agreement is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade finance gap in Africa The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million Trade Finance Unfunded Risk Participation Agreement facility between the African Development Bank and Trade & Development Bank (TDB). The agreement is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade finance gap in Africa, in line with the aspirations of the African Continental Free…

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Pan African Payment and Settlement System (PAPSS) Expands into North Africa as Banque Centrale de Tunisie Becomes Thirteenth Member

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The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent.   PAPSS, developed by African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, facilitates real-time settlement of intra-African trade and payments, in African currencies, across the continent. By uniting central banks from across Africa, PAPSS seeks to address…

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The Italian Foreign Trade Agency opens an office in Dakar

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The Italian Foreign Trade Agency (ITA) declares having opened an office in Dakar last January, with the aim of “facilitating commercial relations between companies” from Italy and those from Senegal . The ITA explains in a press release sent to the APS on Tuesday that its “primary objective […] is to facilitate commercial relations between Senegalese and Italian companies, particularly during trade fairs and events in Italy”. The Italian agency promises to “assist” Senegalese companies “in their efforts” aimed at “discovering Italian products and technologies”. “It also intends to help…

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South Africa to launch the start of its preferential trade under the African Continental Free Trade Agreement (AfCFTA) in Durban on Wednesday 31 January

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Trade under the new preferences set out in the African Continental Free Trade Agreement (AfCFTA) will be launched by President Cyril Ramaphosa and the Minister of Trade, Industry and Competition of South Africa, Ebrahim Patel on Wednesday 31 January 2024 at Pier 1 in Durban. This follows the publication on Friday 26 January in the Government Gazette of the terms under which South Africa will participate in the new free trade agreement. Twelve countries, including South Africa, have finalised their legal modalities to enable trade to commence in thousands of…

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