ISDS Case Map
Africa
African governments once rushed into signing bilateral investment treaties to encourage FDI. Lawyers are now calling for new models.
African heads of state have ambitious plans to create a free trade zone, encompassing 26 countries and more than 600 million people on the continent. But economic experts warn the project is a bold step that comes with a plethora of legal, administrative and political hurdles. Others suggest the plan might be a pie in the sky.
The ACP and LDC cane sugar suppliers express their profound concern and dismay at the Commission’s proposals in respect of the elimination of sugar quotas in the context of the CAP reform announced on 12 October 2011.
While globally trade agreements are more and more about linking production chains between countries and continents, Africa remains locked in a struggle to overcome the colonial legacy of fragmentation, trade experts say.
A quite amazing event took place in Kenya's capital, Nairobi, on August 29 and 30. Two hundred representatives of non-governmental organisations (NGOs) from China and 19 African countries held a China-Africa People's Forum.
It is not certain that an African free trade area will further regional integration or deepen the existing inequality between countries.
Southern African nations have taken steps towards an envisaged $1 trillion (R6.9 trillion) African free trade area but investment data linked to trading indicates a lot of commitment and work lies ahead to achieve the goal, particularly for South Africa as a continental leader.
On his trip to South Africa yesterday, David Cameron talked of the need to go beyond debt cancellation and aid "to make African free trade the common purpose of the continent". He lamented there has never once been "a march or a concert to call for … an African free trade area". He pointed to the need for more inter-African trade to facilitate the growth that would mean "businesses growing, new jobs on offer, families on the up, living standards transformed".
Prime Minister Manmohan Singh will next week lay out a new multi-pronged strategy to engage Africa, a move that aims to counter China's rising clout in the continent.
