Tag Archives: free trade

A common digital currency could boost ASEAN integration – Universities

Mark Lempp (The Jakarta Post) PREMIUM Jakarta ● Wed, March 9, 2022 Long in the making, the ASEAN Economic Community (AEC) was officially launched at the end of 2015 – and nothing more has happened since. The decades-old vision of closer political and economic integration in the region still holds, …

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The key to LAPSSET in Africa is the onboarding program

The remark was made by Silvester Kasuku, the Director General (CEO) of the African Center for Transport, Infrastructure and Regional Integration (ACTIRI) and former CEO of the LAPSSET Authority, in Nairobi on Tuesday on the sidelines of the 7th ‘infrastructure. Development in Africa, (PIDA) Week under the theme “The investment …

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Kwara builds infrastructure to support ECOWAS regional integration | The Guardian Nigeria News

In the spirit of the regional integration of the Economic Community of West African States (ECOWAS), particularly the common market in West Africa, Kwara State is building infrastructure to support the links with the Republic of Benin. Governor AbdulRahman AbdulRazaq said so yesterday in a message during the opening ceremony …

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Africa on the move towards meaningful unity and economic integration –

African Union The African region, referred to as the “Dark Continent” by European colonizers, was the primary source of the slave trade and raw materials for industries that flourished during the Industrial Revolution in Europe and the expansion of cotton farms in the United States. United. In the advent of …

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Africa should pursue integration to unlock economic value

The Chronicle Michael Magoronga, Midlands Correspondent AFRICA is one of the world’s richest continents in terms of occurrence of natural resources but remains one of the poorest economically. Standards of living for its population are low, its infrastructure and health delivery systems are poor and are a direct contrast to …

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OPINION – RCEP and Regional Economic Integration and Interdependence

On January 1, the Regional Comprehensive Economic Partnership (RCEP) began to operate and its establishment may boost the performance of the Chinese economy, especially at a time when the Chinese government has stressed the importance of dual flows – internal and external. . After 32 rounds of negotiations and discussions …

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Africans urged to embrace regional economic integration

The Chronicle Michael Magoronga, commercial correspondentAFRICAN countries should do more to broaden the development benefits to be realized from each other by embracing regional dynamics towards economic integration, said Interim President of the Pan African Manufacturers Association (PAMA) Engineer Mansur Ahmed. The region, led by the African Union (AU), is …

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2021: EAC integration and offer to save “the dream” | New times

In his closing statement at the 18th Virtual Extraordinary Summit of Heads of State of the East African Community, on December 22, Kenyan President Uhuru Kenyatta said that “despite the many achievements our community has achieved”, there is still work to be done. . It is therefore imperative, said the …

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UK, Japan envision economic integration through digital trade

The unveiling of the US $ 490 billion fiscal stimulus package in November coincided with the announcement by the UK Department for International Trade of a new export strategy. The aim is to increase exports to £ 1 trillion per year (£ 1.35 trillion) by 2030, from the current £ …

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Indonesian Ferronickel Plant Highlights Tighter Supply Chain Integration in Asia

Illustration: Tang Tengfei / Global Times Indonesian President Joko Widodo on Monday inaugurated a new ferronickel plant invested by a Chinese company in the southeastern province of Sulawesi. In addition to creating local jobs and increasing taxes and foreign exchange reserves, the $ 2.7 billion project will vastly improve the …

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GT Voice: Abe, the threat of the Japanese right to the economic integration of Asia

Photo of Shinzo Abe: AFP Former Japanese Prime Minister Shinzo Abe, who resigned last year amid a series of challenges and appears poised to return to Japanese politics, made hugely flawed remarks on the Taiwan issue on Wednesday, suggesting that Japan would intervene if mainland China attacked the island of …

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Economic integration – a tool of foreign policy

East Asia is an economically integrated region. The Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC) and Regional Comprehensive Economic Partnership (RCEP), which is expected to come into effect in January 2022, reflect economic integration of the region. The collective drive of the countries of the region towards …

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Egyptian President vows to strengthen regional economic integration

Egyptian President Abdel Fattah El-Sisi has pledged to realize his country’s vision of deepening economic integration between countries in the region and accelerating economic recovery from the coronavirus pandemic. During his presidency of the 21st session of the Common Market for Eastern and Southern African Countries (COMESA), Sissi underlined the …

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Ukraine’s EU integration plan is not good for Europe

On February 3, 2022, Turkish President Recep Tayyip Erdogan paid an official visit to Ukraine, during which he succeeded in putting his signature on a Turkey-Ukraine free trade agreement after more than ten years of negotiations on the provisions of the document. But that was not the only achievement of …

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Digitization and RCEP to boost regional economic integration – OpEd – Eurasia Review

COVID-19 is undoubtedly a fatal disease that has turned our lives upside down in many ways. As of September 23, it had infected more than 231 million people and killed more than 4.75 million people worldwide. It also disrupted economic activities. “The COVID-19 pandemic has disrupted global affairs across the …

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Arab leaders cling to the path of economic integration

Egyptian President Abdel Fattah Al-Sisi stressed that the Arab world faces many challenges, especially in reducing unemployment rates after the emergence of new work models following recent changes in the world. Sisi’s remark came during a speech on his behalf by Egypt’s Minister of Manpower and Immigration, Mohamed Safaan, at …

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Egypt attentive to the achievement of regional economic integration in Africa: Minister of Trade

Egyptian Trade and Industry Minister Nevine Gamea said Egypt attaches great importance to achieving regional economic integration in Africa. Gamea underlined the importance of: activating joint continental work to achieve industrial and agricultural integration; strengthen intra-community trade; support small and medium-sized enterprises (SMEs); and create more employment opportunities. These contribute …

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Africa must step up economic integration: report

ANKARA Africa must step up productive and infrastructural integration as part of the process of economic recovery from COVID-19, a report suggested. The African Regional Integration Index (ARII), a joint publication of the United Nations Economic Commission for Africa, the African Development Bank and the African Union Commission, provides up-to-date …

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Definition of economic integration

What is economic integration? Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries covered by the …

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NDS1 positions Zimbabwe for regional economic integration gains

The Chronicle Prosper Ndlovu, business writerThe National Development Strategy (NDS1), the country’s new five-year development roadmap, will play a key role in positioning Zimbabwe for increased gains within the framework of regional economic integration, said the Minister of Finance and Government. Economic Development, Professor Mthuli Ncube. This comes as the …

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The expansion of the CPTPP conducive to regional economic integration

Artwork: Tang Tengfei/GT As one of the world’s leading free trade blocs, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is about to see a new candidate – the UK which has just left the EU. . Joining more members will strengthen the reach of the agreement, accelerate economic …

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An important step in Asian economic integration

After eight years of unremitting efforts, the Comprehensive Regional Economic Partnership Agreement (RCEP) was officially signed on November 15. In the context of the global COVID-19 pandemic and the challenges of economic globalization, the signing of the pact is not only a historic achievement. of regional cooperation in East Asia, …

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ASEAN needs more economic integration to ensure a strong recovery after Covid-19: Chan Chun Sing, Economy News & Top Stories

SINGAPORE – ASEAN countries should continue to foster closer economic ties within the group and beyond, placing the region at the forefront of global recovery from the Covid-19 crisis, the minister said on Thursday Singaporean Trade and Industry Officer, Chan Chun Sing. ). While closer integration has been a long-standing …

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Act to strengthen economic integration

Sheikh Fazle Fahim, president of the Bangladesh Federation of Chambers of Commerce and Industry (FBCCI), called for measures to strengthen the economic integration of Bangladesh and India with other neighboring countries in South Asia. South. He also urged South Asian countries to come to Bangladesh to explore the country’s untapped …

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Have taxes killed the economic integration of the GCC?

June 5 will mark the third anniversary of the breakup of the Gulf Cooperation Council (GCC), the dispute and the ongoing embargo of Qatar by its neighbors Saudi Arabia, Bahrain and the United Arab Emirates (UAE). Clearly, the GCC, as a regional organization, has been under pressure for some time, …

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Nigerian border closure has implications for Africa’s economic integration

Nigeria recently partially closed its border with Benin in an attempt to stem the smuggling of rice. It then closed its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively prohibiting trade flows with its neighbors. Border closures are nothing new in Africa. But Nigeria’s …

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South Asian countries neglect regional economic integration at their peril – The diplomat

Advertising From the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to the Regional Comprehensive Economic Partnership (RCEP), Asia-Pacific finds itself remade by mega-regional free trade agreements. The first, which entered into force in December 2018, brings together 11 countries on both sides of the Pacific Ocean and represents the …

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MENA Economic Integration in the Age of Fragmentation

Economic integration with the rest of the world has eluded the Middle East and North Africa (MENA) region. It represents 5.5% of the world’s population and 3.9% of global GDP. Yet its share in world non-oil trade is 1.8 percent, rising to 6.2 percent when oil is included. The nature …

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Africa CEO Forum: Experts advocate for economic integration | New times

With rapid population growth across the continent, Africa needs to create around 1.7 million jobs to effectively reduce the ever growing population of unemployed youth. This is one of the main topics of the African CEO Forum’s deliberations underway at the Kigali Convection Center. Unemployment is becoming more and more …

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Economic integration deepens as region continues to prosper

Close up of China Yuan banknote and US dollar. (Photo: Getty) Getty One of these days, maybe soon, this trade war is going to end. The United States could end the war by reintegrating into the global multilateral trading system. Or it could cede its global economic leadership to China. …

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Benefits of African Economic Integration

African Leaders Embrace AfCFTA With the right balance between boldness and pragmatism, regional integration could pay bigger dividends COMMENT | Celestin Monga | When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown in a military coup in 1966, few of …

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Museveni’s roots for the political and economic integration of Africa

Unless Africa integrates economically and politically, it risks being invaded by outside forces as happened during colonialism, warned President Museveni. Speaking at the 32nd Ordinary Summit of African Union Heads of State in Addis Ababa, Ethiopia, President Museveni said Africa’s future could only be guaranteed if the continent benefits from …

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Somalia must ensure industrialization before regional economic integration

With closer relations between the countries of the Horn of Africa, there is talk of great economic integration, but Somalia would lose if it happened too soon. The Horn of Africa’s regional political and economic stance turned around when Abiy Ahmed came to power as Ethiopia’s new prime minister in …

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Reaping the Benefits of African Economic Integration | The new times

ABIDJAN-When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown in a military coup in 1966, few of his fellow citizens shed a tear for his rule. But one aspect of his legacy remains relevant to this day and deserves special …

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Can ASEAN economic integration succeed? – The Diplomat

Advertising Later this month, the Association of Southeast Asian Nations (ASEAN) will host its 32nd summit. ASEAN’s themes for 2018, under Singapore’s chairmanship, are “resilience and innovation”. Both will be needed if group members are to iron out their differences and address their challenges. Economically, for example, the Bertelsmann Transformation …

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Charting the course for trade and economic integration in Asia-Pacific

A report by the Asia Society Policy Institute In March 2016, the Asia Society Policy Institute (ASPI) established an independent Commission on Trade Policy, chaired by the Vice President of ASPI. Wendy Cutler, to review the network of trade agreements and initiatives underway in the region. The Commission aimed to …

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Global economic integration at any price? – EURACTIV.com

The political and economic implications of mega-regional free trade agreements deserve a more open discussion by all stakeholders, argue Axel Berger and Dominique Bruhn. Axel Berger is a political scientist and Dominique Bruhn is an economist at the German Development Institute/Deutsches Institut für Entwicklungspolitik (DIE). The Trans-Pacific Partnership (TPP) is …

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