ISDS Case Map
Africa
Korean companies will archive market access through regional integration in Africa and East African region if Kenya is made base, according to Betty Maina, Kenya’s cabinet secretary for industrialization, trade and enterprise development.
In a document that was made public this Tuesday, July 6, 2021, it was confirmed that Burundi officially ratified the agreement establishing the African Continental Free Trade Area on June 17, 2021.
Indian companies are flourishing well in overseas. The African Continental Free Trade Area (AfCFTA) provides a window to the Indian companies to tap a unified African market.
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.
The AfCFTA (African Continental Free Trade Area) was launched in New Delhi at the Ghana Embassy with a lot of active commitment from Indian companies to enter Africa and take advantage of the AfCFTA.
This includes the protocols on rules of origin which seeks to deal with the issue of third party exports into the free zone area.
The political survival of ruling elites is one of the major determining factors behind their trade policy choices.
The EU and African, Caribbean and Pacific Community on Thursday (15 April) finalised the successor to the Cotonou agreement, bringing a close to two and a half years of negotiations and repeated delays.
India has stepped up its global ambitions and foreign policy re-engagement with African countries in recent years. India is now the third largest export destination and the fifth largest investor on the continent.
Based on what we have seen in nearly final drafts of the text, the EU seems poised to again fail to promote a real shift in power relations due to imbalances that remain written into the new deal.
