African free trade deal takes a big step forward
21 July 2019 | 12:54 pm
African free trade deal takes a big step forward.
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8 Jan 2021
African free trade bloc opens for business, but challenges remain. ... Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.
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With Qataris streaming into Saudi Arabia following the border re-opening, business owners in the al-Ahsa area say they are hopeful to see the economy boom again after "suffering economically" from the feud between Riyadh and Doha. Saudi Arabia shut its side of Qatar's only land border in June 2017 as part of a package of sanctions it said was a response to Doha's backing of radical Islamist groups and closeness to Iran. Qatar has always denied the charges.
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Newly appointed World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala said on Monday she doesn't want to see "business as usual" as she will need to broker international trade talks in the face of U.S.-China conflict, respond to pressure to reform trade rules and counter protectionism heightened by the COVID-19 pandemic
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British Prime Minister Boris Johnson and his Australian counterpart Scott Morrison announce a new post-Brexit free trade deal between their countries. It follows similar UK trade deals reached with Japan and the European Union following London's divorce with Brussels. On 1 February 2021, the UK formally applied to join the CPTPP, a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
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Australia and the UK have signed a free trade deal as Britain seeks to find alternative markets in the wake of Brexit. The deal was hailed by British Prime Minister Boris Johnson as "a new dawn" in relations.
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