http://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Africa|Africa|Europe|Jean-Claude Juncker
Africa|Africa||
africa-company|africa|europe|jeanclaude-juncker
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

EU's Juncker eyes Africa free trade pact

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

EU's Juncker eyes Africa free trade pact

Photo by Bloomberg
European Commission President Jean-Claude Juncker

12th September 2018

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The European Union (EU) should offer a free trade agreement to the whole of the African continent and a new investment alliance, European Commission President Jean-Claude Juncker said in a keynote speech on Wednesday.

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.

Advertisement

Juncker 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.

Advertisement

Trade between Africa and Europe, said Juncker, was not insignificant - 36 percent of Africa's trade is with the European Union, compared to 16 percent with China and 6 percent with the United States.

"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.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close