Interactions of the African Economic Area

The Subject “Interactions of the African Economic Area with the World” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, Ethics, Religions & Business, Islamic Business, Asian Business, World Trade.

Masters (MIB): Business in Africa, International Business.

Courses: Christianity & Business, Islam & Business.

Learning materials in or Civilization Africaine Civilizações Africa Interacciones.

Interactions of the African Civilization with the other civilizations.

Analysis of the International Relations of Africa and interactions between the different African Economic Areas:

1. West African Economic Area;
2. Central African Economic Area;
3. Southern African Economic Area;
4. East African Economic Area;
5. Maghrebian Economic Area.

Interactions of the African Civilization with the Islamic Civilization.

Algeria, Benin, Burkina Faso, Cameroon, Chad, the Comoros, Ivory Coast, Egypt, Gabon, the Gambia, Guinea, Guinea-Bissau, Libya, Mali, Morocco, Malawi, Mozambique, Niger, Nigeria, Senegal, Sierra Leone, Somalia, Sudan, Togo, Tunisia, Uganda, and Djibouti are members of the Organization of Islamic Cooperation (OIC). Namely, twenty-seven of the fifty-seven members of the OIC are African Countries. These countries are also members of:

1. Islamic Centre for Development of Trade (ICDT);
2. Standing Committee for Economic and Commercial Cooperation;
3. Islamic Chamber of Commerce;
4. Statistical, Economic and Social Research and Training Centre.

Trade Preferential System among the Member States of the Organization of Islamic Cooperation (OIC-TPS).

1. Of all the African Countries, only Morocco has signed the Framework Agreement + PRETAS (Protocol on the Preferential Tariff Scheme) + Rules of origin;
2. Seventeen African Countries (Egypt, Guinea, Mauritania, Niger, Sudan, Somalia, Tunisia, Sierra Leone, the Gambia, Guinea-Bissau, Burkina Faso, Cameroon, the Comoros, Djibouti, Benin, Nigeria, and Ivory Coast) have signed the Framework Agreement + PRETAS;
3. Chad, Gabon, Libya, Senegal, and Uganda only have signed the Framework Agreement;
4. Algeria, Mali, Mozambique, and Togo they not yet ratified the Agreement.

Libya, Mauritania, Morocco, Mozambique, Senegal, Sierra Leone, Somalia, Sudan, Togo, Tunisia, Uganda, Niger, Chad, Benin, Algeria, Burkina Faso, Cameroon, the Gambia, Mali, Nigeria, the Comoros, Ivory Coast, Djibouti, Gabon, Guinea, Guinea-Bissau, and Egypt are members of the Islamic Development Bank.

All the African Countries are beneficiaries of the Arab Bank for Economic Development in Africa (BADEA), the African Countries members of the Arab League are also members of the BADEA.

Algeria, the Comoros, Djibouti, Egypt, Libya, Morocco, Mauritania, Somalia, Sudan, and Tunisia are members of the Arab League, namely, ten of the twenty-one members of the Arab League are African Countries.

All the nations of the African Union and all the countries of the Arab League are part of the Afro-Arab Cooperation.

Algeria, the Comoros, Djibouti, Egypt, Libya, Morocco, Mauritania, Somalia, Sudan, Syria, and Tunisia belong to the Summit of South American-Arab Countries (ASPA) and the Asia-Middle East Dialogue (AMED).

Egypt, Morocco, and Tunisia are part of the Agadir Agreement.

Mauritius has a Preferential Trade Area with Pakistan.

Turkey has Free Trade Agreements with Morocco and Tunisia.

Africa-Turkey Partnership. The African Union considers Turkey as a strategic partner for Africa.

Algeria, Chad, Egypt, Guinea, Libya, Mali, Mauritania, Morocco, Niger, Senegal, Sudan, Somalia, Tunisia, Ivory Coast, Sierra Leone, Gabon, the Gambia, Guinea-Bissau, Uganda, Burkina Faso, Cameroon, the Comoros, Djibouti, Benin, Nigeria, Mozambique, and Togo are the main the African Countries receptors of the Arab Development Funds.

1. The African Countries of the Arab League are beneficiary members of the Arab Fund for Economic and Social Development and the Arab Monetary Fund;
2. These countries can benefit from the Arab Trade Financing Programme, Abu Dhabi Fund, and Kuwait Fund;
3. Algeria, Gabon, Libya and Nigeria are members of the OPEC Fund for International Development.

Interactions of the African Civilization with the economic areas of the Western-Christian Civilization.

European Economic Area

1. Generalized System of Preferences (SPG) of the EU
   1. The African Countries beneficiaries of the scheme Everything But Arms (EBA) of the EU are Angola, Chad, the Democratic Republic of the Congo, the Comoros, Niger, Djibouti, Lesotho, Rwanda, Benin, Equatorial Guinea, Liberia, Eritrea, Madagascar, São Tomé and Príncipe, Togo, Burkina Faso, Ethiopia, Malawi, Senegal, Burundi, the Gambia, Mali, Sierra Leone, Uganda, Kenya, Guinea, Mauritania, Somalia, Cape Verde, Guinea-Bissau, Mozambique, Sudan, South Sudan, the Central African Republic, Tanzania, and Zambia;
   2. Cape Verde is a beneficiary of the SPG+.
2. All the countries of Sub-Saharan Africa are beneficiaries of the Africa-European Union Strategic Partnership of the European Union;
3. Egypt and all the Maghrebian Countries are part of the Euro-Mediterranean Partnership (EUROMED) and the European Neighborhood Policy (Mauritania is not included);
4. The European Union has Economic Partnership Agreements with Algeria, Ivory Coast, Egypt, Morocco, Tunisia, Cameroon, and Ghana;
5. The European Union has a Trade Agreement with South Africa;
6. The European Free Trade Association (EFTA) has trade agreements with Egypt, Morocco, Tunisia, the Southern African Customs Union (SACU).

North American Economic Area

1. Almost all the African Countries (except Sudan or Zimbabwe) are beneficiaries of the African Growth and Opportunity Act (AGOA) of the United States;
2. The United States also has a trade and investment agreements with the West African Economic and Monetary Union (WAEMU/UEMOA), the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and a Free Trade Agreement with Morocco.

Latin American Economic Area

1. MERCOSUR-Southern African Development Community (SADC) Trade Agreement;
2. MERCOSUR-Egypt Trade Agreement;
3. All the countries of the African Union are members of the Africa-South America Summit.

Interactions of the African Civilization with the Sinic Civilization.

1. Forum on China- Africa Cooperation.

Interactions of the African Civilization with the Hindu Civilization.

1. Africa-India Framework for Cooperation;
2. India has an agreement with the Southern Africa Customs Union (SACU);
3. India-Mauritius Agreement is fundamental and acts as a bridge between India and the African Markets;
4. India has Free Trade Agreements with several African Countries: Angola, Botswana, Cameroon, Ivory Coast, Ghana, Liberia, Mozambique, Nigeria, Rwanda, Senegal, South Africa, Eswatini (Swaziland), the Seychelles, Tanzania, Uganda, Zambia, and Zimbabwe;
5. Asia-Africa Growth Corridor.

Interactions of the African Civilization with the Buddhist Civilization.

1. Africa-Korea Partnership;
2. Japan promotes its trade relations with Africa through the Tokyo International Conference on African Development.

Multi- civilizations interactions of the African Civilization.

1. Africa-Asia Strategic Partnership;
2. Africa-BRICS Cooperation (South Africa is a BRICS Country);
3. The Comoros, Kenya, Madagascar, Mauritius, Mozambique, the Seychelles, South Africa, and Tanzania are members of the Indian-Ocean Rim Association (IORA).

EENI African Business Portal.

(c) EENI Global Business School (1995-2023)
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