WTO members review five regional trade agreements, discuss transparency issues
At the WTO Committee on Regional Trade Agreements (RTAs) meeting held on 2 December, members reviewed five RTAs involving countries including China, Ecuador, Israel, the Republic of Korea, the United Kingdom, Cote d’Ivoire, Ghana, Türkiye, and Bosnia and Herzegovina. The meeting also addressed broader topics under the Transparency Mechanism for RTAs. Ambassador José Valencia of Ecuador, […]
Global financial system must adapt to better serve economy
The UN Trade and Development Agency (UNCTAD) has warned that the global financial system risks undermining international trade if it fails to adapt to evolving economic needs, with developing countries, including African economies, likely to be most affected. The report highlights that financial markets increasingly drive global trade, with credit lines, payment systems, currency markets, […]
SADC shifts focus to digitalising regional trade corridors
SADC is shifting its transport corridor strategy from building new infrastructure to enhancing the management and efficiency of existing corridors. Governments are increasingly focusing on digitalising border posts, sharing customs data, and strengthening corridor management institutions. Transport corridor consultant Lovemore Bingandadi highlights that regional integration is a gradual process, with member states progressing at different speeds. […]
AfCFTA at Five: Nigeria’s services boom leaves small exporters behind
Since ratifying the African Continental Free Trade Area (AfCFTA) in 2020, Nigeria has viewed the agreement as a transformative opportunity to shift from oil dependency toward production, trade, and continental integration. Five years on, the federal government completed its first implementation review, assessing progress under Phase I Protocols covering Trade in Goods, Trade in Services, […]