Africa Globalization International relationships regional integration

Course summary (Africa Globalization International relationships)

- The Cotonou Agreement Africa European Union.
- AGOA African Growth and Opportunity Act. United States - Africa trade.
- Africa China: economic relationships.
- Africa India: economic relationships.
- Africa's regional integration.
- Infrastructures and telecommunications in Africa.

Cotonou Agreement (Africa European Union). Europe and Africa are connected by strong trade links, making the EU the biggest export market for African products. For example, approximately 85% of Africa’s exports of cotton, fruit and vegetables are imported by the EU. The EU-Africa summit, held in Lisbon, cemented new Africa-EU strategic partnership, marking a qualitative leap in relations between the two continents. The joint Africa-EU strategy provides an overarching long-term framework for Africa- EU relations, while its first action plan specifies concrete proposals for 2008-2010, structured along 8 Africa-EU strategic partnerships.

Example of the course:

Africa’s regional integration . The ultimate goal of the UNECA is to create an African common market. An area where RECs Regional economic communities have been observed to be most active is trade and market integration. These RECs include the Arab Maghreb Union (AMU), the Southern African development community (SADC), the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), the Inter-governmental Authority on Development (IGAD), the Economic Community of West African States (ECOWAS), the Central African Economic and Monetary Community (CEMAC), the Economic Community of Central African States (ECCAS), and the West African Economic and Monetary (UEMOA).

The cost of doing business in the continent is generally high, due in part to infrastructure gaps, duplicative border procedures and cumbersome paper requirements. Paperless trade still remains a distant objective. The free movement of people and the right of establishment have progressed in some RECs, but remain a paper objective in many other African subregions.

African exports remain heavily concentrated in a few primary commodities, in particular fuels and mining products. of the top 20 products exported by the region in the period 2000-2005, the great majority are fuels, fuel products and mineral products. A few are basic agricultural commodities (sugar, cotton, cocoa and coffee) and a very small number are manufactured products.

Infrastructure has been a major driver of strong economic growth in Africa in recent years. Better infrastructure could make an even greater contribution. Africa’s transport sector requires some $18 billion in annual investment, almost half for operations and maintenance.

A continuous appraisal of Africa’s integration performance is essential, in order to gain a deeper understanding of the strengths and weakness of the integration efforts, and to help shape the future through lessons learned. It is from this perspective that the African Union Commission and the Economic Commission for Africa publish the report on assessing Regional Integration in Africa, well known by its ARIA acronym.

The African Growth and Opportunity Act (AGOA) is a United States Trade Act that significantly enhances United States market access for 39 Sub-Saharan African (SSA) countries. U.S. total exports to Africa rose 22 percent to $10.3 billion, with notable gains in agricultural goods, machinery, and transportation equipment. U.S. total imports (AGOA and non-AGOA) from Africa increased by 40 percent to $50.3 billion, largely due to an increase in oil imports.

The Forum on China-Africa Co-operation (FOCAC) is a platform established by China and African countries. The two-way trade between China and Africa reached US$12.389 billion in 2002,growing 7 times from the 1991 figure of US$1.44 billion. The import on the Chinese side accounted for US$5.427 billion and its export was US$6.962 billion.

Africa - India Forum Summit. The Heads of State and Government and Heads of Delegation of Africa, representing the Continent, the African Union and its institutions along with the Prime Minister of the Republic of India, recognizing the rich history of Africa-India relationship and noting with satisfaction the existing close, deep and multi-layered relations between the two sides and realizing the need to give a new dimension to this cooperation, have decided to adopt this Framework for Cooperation between Africa and India.

Ocean Rim Association for Regional Cooperation (IORARC)

Africa, Globalization, International, Relationships, Regional, integration, AGOA, African, Growth, Opportunity, Act, U.S., Africa trade, Cotonou, Agreement, European Union, China, India, Economic, Relationships, infrastructures, telecommunications, Master, international business