Categories: Foreign

Commission chair urges EU to offer a free trade agreement to Africa

European Commission President Jean-Claude Juncker on Wednesday, urged the European Union to offer a free trade agreement to the whole of the African continent and a new investment alliance.

Among various proposals for EU action to bolster prosperity in the world’s poorest continent and Europe’s close neighbour, the Commission chief called for a more equal partnership and investment rather than aid, as Europeans look for ways to stem an economic divide driving Africans to try to migrate northward.

Juncker, in his annual State of the Union address to the European Parliament in Strasbourg, said he had talked with African leaders and was proposing an alliance to boost sustainable investment, which he said could create up to 10 million jobs in Africa in the next five years.

While it was clear that a free trade pact would be some way off, and well after Juncker steps down in a year’s time, the EU would look to take advantage of African efforts to forge a free trade area within the continent to work towards a comprehensive continent-to-continent trade agreement.

Trade between Africa and Europe, said Juncker, was not insignificant – 36 per cent of Africa’s trade is with the European Union, compared to 16 per cent with China and six per cent with the U.S.

“But this is not enough,” Juncker told the European Parliament.

“I believe we should develop the numerous European-African trade agreements into a continent-to-continent free trade agreement, as an economic partnership between equals.”

The European Union already has a series of deals with individual African countries, largely in North Africa, as well as additional economic partnerships with African blocs, such as the Southern African Development Community.

Other agreements with other African blocs and countries, designed to increase access to the EU market and promote development, are pending or partly in place.

Commission chair urges EU to offer a free trade agreement to Africa was last modified: September 12th, 2018 by Francis Belux
Francis Belux

Francis Mbeto Belux is a author and Journalist from Akwa Ibom. He published content from the News Agency of Nigeria(NAN). He is a graduate of Journalism from ESUT and a sports Enthusiast.

Share
Published by
Francis Belux
Tags: EU. Africa

Recent Posts

  • Politics

Nigerian Army issues Strong threat, reveals what it will do to Political Thugs

The Nigerian army has issued a strong warning to Political thug plotting to cause mayhem on February 23rd, the new…

31 mins ago
  • Politics

President Buhari should Stop War Mongering by Mike Ozekhome (SAN)

Below is an article by Chief Mike Ozekhome, SAN, OFR, PhD, a constitutional lawyer and Human Rights Activist; "A statement…

59 mins ago
  • Politics

BREAKING: DSS invites INEC National commissioner, Prof. Okey Ibeanu

PoliticsNGR earlier today learned that Professor Okey Ibeanu, a commissioner of the Independent National Electoral Commission, INEC has been invited…

1 hour ago
  • Press Releases

How Atiku ‘bribed’ Secondus with Intels Shares to secure PDP Ticket [DOCUMENTS]

PoliticsNGR is in possession of documents revealing how the Presidential Candidate of the Peoples Democratic Party, PDP, Atiku Abubakar allegedly…

5 hours ago
  • News

JUST IN: Nigerian Customs reacts to shooting of Civilian in Viral Video

PoliticsNGR has been furnished with a statement from the Nigerian Customs signed by its Public Relations Officer, Joseph Attah on…

2 days ago
  • Politics

BREAKING: National Assembly Postpones Resumption (REASONS)

The National Assembly has announced the postponement of its resumption scheduled for Tuesday, February 19 to Tuesday, February 26. The…

2 days ago