What is truly free in a 'free trade zone', if some African countries are still trading in foreign currencies we have no control over?
The Cairo-to-Cape Town Free Trade Zone is been touted by a couple of leading Western media, as a bigger free trade area, by population, than the European Union or NAFTA. But, what is really free in a ‘free trade agreement’, if Africans are still trading in foreign currencies we have no control over?
This study is perhaps the first to investigate and compare the perceptions of Chinese traders in a systematic way, across several African countries.
The ‘China in Africa’ story brims with ambivalence and ambiguity. Nowhere is this more evident than on the African street. The influx of Chinese products and the proliferation of small Chinese enterprises are affecting ways of life in African towns and cities, but exactly how and to what extent is hotly contested.
African leaders have called for a continental free trade area by 2017 to boost trade within the continent.
Over 100 Members of Parliament from 40 African countries have agreed to step up efforts to improve the business environment on the continent by reviewing legislation linked to governance, trade barriers, and regional infrastructure in a bid to strengthen sustainable private sector development.
The poorest countries in Africa are not merely the victims of natural calamities. They are also ravaged by the continued denial of market access as promised in the Doha trade negotiations, say African trade diplomats.