The United States Trade Representative has confirmed that the Administration
is committed to boosting trade with African nations through the African Growth
and Opportunity Act and, in that respect, renewal of its Third-Country
Fabric provision is seen as crucial.
A delegation of MEPs from the European Parliament has recently held a consultative
meeting in Lusaka, Zambia, with the Chair of the Eastern and Southern Africa group of countries to discuss their Economic Partnership Agreement negotiations
with the European Union.
Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
Earlier this month, the Common Market for Eastern and Southern Africa held a three-day forum in Lusaka which attracted officials from its member states
who are involved in negotiating double taxation agreements.
The Sub-Committee on Least Developed Countries, on January 20, agreed to start
work on developing recommendations to “further strengthen, streamline and operationalize”
current guidelines on the accession process of LDCs, as called for in a decision
by the Eighth WTO Ministerial Conference last month.
United States Trade Representative Ron Kirk has announced the outcome of
the 2010 Annual Review under the Generalized System of Preferences programme,
as well as the results of the annual African Growth and Opportunity Act Eligibility Review.
The South African Minister of Trade and Industry, Rob Davies, has expressed the
opinion that the planned roll out of the proposed African tripartite free trade agreement may 'hit a snag' when negotiating on trade in manufactured goods between
the member countries.
In the opinion of South Africa’s Deputy Minister of Trade and Industry,
Elizabeth Thabethe, the recent agreement to launch talks to establish a tripartite
free trade agreement between several African nations has made it more urgent to promote intra-African trade.
A third meeting was held this month in Lusaka by the Common Market for Eastern
and Southern Africa to study the progress made towards having a fully
implemented Customs Union by June 2012.
A leaders’ summit of the Common Market for Eastern and Southern Africa,
the East African Community and the Southern African Development Community, held in Johannesburg on June 11 and 12, has agreed to formally launch
negotiations to establish a tripartite free trade agreement.
A summit of the Common Market for Eastern and Southern Africa, the East
African Community and the Southern African Development Community will be held in Pretoria on June 11 and 12 to discuss the progress made towards
a tripartite free trade agreement (FTA).
Ministers from countries within the Common Market for Eastern and Southern Africa, the East African Community and the Southern African Development
Community met recently in Lusaka to discuss the progress made towards the
proposed tripartite free trade agreement.
South Africa’s Minister of Trade and Industry, Rob Davies, has said that
negotiations for the development of a free trade agreement between the Southern
African Development Community, the East African Community and the
Common Market for East African States will commence towards the middle
of 2011.
China’s Ministry of Commerce has announced that, following an
exchange of letters, 60% of imports from 26 of Africa’s least developed
countries are duty free with effect from July 1, 2010.
The African Development Bank, the Organisation for Economic Cooperation and
Development, and the UN Economic Commission for Africa, have published a joint report focusing in particular on the continent’s
fiscal resilience to the financial crisis, and an analysis of appropriate tax policy going
forward.
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