Category: Trade

  • Closer Africa-Caribbean Relations: A COVID ‘legacy good’?

    Closer Africa-Caribbean Relations: A COVID ‘legacy good’?

    Alicia Nicholls

    Without doubt, if one considers the significant loss of life, human suffering and economic hardship inflicted by the novel coronavirus disease (COVID-19) since December 2019, the negatives far outweigh the positives. But as the saying goes, when ‘life gives you lemons, make lemonade’. For those unfamiliar with this phrase, it is an entreaty to make some good out of a less than ideal situation, no matter how bad it is. In this article, I argue that deeper south-south cooperation, and in particular closer Africa-Caribbean cooperation, appears to be one potential COVID-19 ‘legacy good’.

    First, let me state from the outset that bilateral and regional initiatives towards deepening Africa-Caribbean ties predate COVID-19. For instance, the African Union (AU) has for some time now recognized the African diaspora (including that in the Caribbean) as its sixth region. In 2019, the leaders of two African countries, Ghana and Kenya, respectively, made separate high-level visits to the region. Jamaica has its Africa-Caribbean Institute of Jamaica. An AU-CARICOM forum was planned for July 2020 but had to be unfortunately postponed due to the COVID-19 pandemic. CARICOM also announced the creation of a joint embassy to be housed in Nairobi, Kenya. Moreover, African and Caribbean countries participate and cooperate in various multilateral and other fora, such as the World Trade Organization (WTO), the United Nations (UN), Organisation of Africa, Caribbean and Pacific States (OACPS), the Commonwealth of Nations, as examples.

    However, it could be argued that the exigencies of the COVID-19 crisis have intensified the need for deeper Africa-Caribbean collaboration on areas of mutual interest in multilateral fora and at the regional and bilateral levels. As many western countries turned inward to focus on bringing the crisis under control in their countries, Caribbean countries were forced to turn to newer non-traditional partners for assistance in accessing vaccines. For instance, to use another South-South example, India’s generous donation of vaccines to Barbados and Dominica were critical to the start of Barbados’ vaccine programme which to date has vaccinated over 70,000 Barbadians, or nearly a third of the population. As such, it is heartbreaking to watch what is happening in India at the moment as it undergoes a deadly second-wave. I continue to keep our Indian brothers and sisters in my prayers.

    Turning back to Africa, CARICOM was also granted access to the Africa Medical Supplies Platform, a procurement system for medical supplies. Jamaica became the first CARICOM Member State to receive vaccine supplies under that mechanism. In a COVID-19 environment, improved vaccine access for developing countries has been a unifying theme for Africa and Caribbean countries’ multilateral cooperation, including at the sub-regional level. Both regions have condemned vaccine nationalism, particularly the hoarding of vaccines and imposition of export controls on needed medical supplies by some developed countries.

    Another laudable recent development in Africa-Caribbean cooperation is the formation of the Africa-CARICOM Group (AfCAR), a geopolitical grouping of sixty-eight African and Caribbean countries in the UN in March this year. Their first act was to issue a joint statement in the UN General Assembly in commemoration of  the ‘International Day of Remembrance of Victims of Slavery and Transatlantic Slave Trade’.

    There are many other areas in which Africa-Caribbean cooperation already exist, such as climate change, debt relief, financing for development and repatriations for the Trans-Atlantic Slave Trade, for example. There has been some  high-level cooperation involving Caribbean, African and Pacific countries on raising awareness on the de-risking issue, manifested most acutely by the withdrawal or restriction by large Western banks of correspondent banking services to banks in developing countries. African and Caribbean countries are among the most affected by this practice which has implications for trade, investment attraction and financial inclusion. The upcoming UNCTAD XV Quadriennial Conference due to be hosted virtually and chaired by Barbados in October this year presents another opportunity for our regions to collaborate on placing these and other issues on the global trade and development agenda.

    Additionally, as tourism-dependent Caribbean economies hard-hit by the COVID-19 pandemic seek to step up diversification efforts, African countries are among those targeted for greater economic engagement. Barbados has announced the creation of embassies in Ghana and Kenya (part of the CARICOM joint effort), while Jamaica will establish diplomatic relations with Liberia and Togo. Both Barbados and Jamaica have indicated the deployment of enhanced economic diplomacy as part of their Post-COVID-19 recovery strategies. There are also promising areas for further regional and bilateral collaboration, such as agri-business and sustainable agriculture, renewable energy, the cultural industries, education and digital payments systems.

    Naturally, for this momentum of closer Africa-Caribbean ties to be sustained, it must transcend the political level and trickle down to greater business-to-business and people-to-people engagement. Banking relationships would also need to improve to faciliate greater trade between the two regions. Current political discussions on improving air and sea connectivity would help to bolster the still meagre tourism, trade and investment ties between the two regions. Africa-Caribbean goods trade volumes remain small, with CARICOM countries enjoying a trade surplus with the continent on a whole.

    At the bilateral level, December 2020 saw an inaugural direct flight between Montego Bay (Jamaica) and Lagos (Nigeria), in hopes of commencing a regularly scheduled and most overdue direct link between the African continent and the English-speaking Caribbean. The potential for strong Africa-Caribbean tourism exists as an increasing number of Afro-Caribbean persons are interested in tracing their genealogy, discovering their African roots and learning about the ‘Motherland’. Encouragingly, the region’s top tertiary institution, The University of the West Indies (UWI) has signed a memorandum of understanding (MOU) with the University of Ghana. This raises the possibility of enhanced student and faculty exchanges, other educational collaboration and meaningful academic research between our two regions.

    As I conclude, I concur with the sage words of Dr. Len Ishmael who noted in her 2019 study ‘Under-invested: The Caribbean-African Relationship‘:

    “The future of Caribbean-African relations is one ripe with potential and promise, but it requires
    the investments of time, attention and political will to transform the relationship into one fit for
    purpose and suitable for these modern times.”

    It would also be remiss of me if in concluding I fail to lament the dearth of scholarship on Africa-Caribbean relations. As such, Afronomics Law will be hosting a scholarly Blog Symposium examining the “Prospects for deepening Africa-Caribbean Economic Relations”. The deadline for submission of blog contributions is May 14. Learn more about the symposium and how to submit a blog piece here.

    Alicia Nicholls, B.Sc., M.Sc., LL.B. is a trade and development consultant with a keen interest in sustainable development, international law and trade. All views herein expressed are her personal views and should not be attributed to any institution with which she may from time to time be affiliated. You can read more of her commentaries and follow her on Twitter @LicyLaw.

  • Caribbean Trade and Development News Digest – April 25 – May 1, 2021

    Caribbean Trade and Development News Digest – April 25 – May 1, 2021

    Happy International Labour Day 2021 to all! Welcome to the Caribbean Trade and Development News Digest for the week of April 25-May 1, 2021! We are pleased to bring you the major trade and development news headlines and analysis from across the Caribbean Region and the world from the past week.

    We at the Caribbean Trade Law & Development Blog continue to keep our brothers and sisters in St. Vincent and the Grenadines in our prayers, who on top of the recent eruption of the La Soufriere volcano, this week faced mud lahars caused by heavy rainfall. They still need our help. One of the ways in which you can donate is via the Caribbean Disaster Emergency Management Agency’s relief fund here.

    THIS WEEK’S HIGHLIGHTS

    On May 1, Mercosur countries signed the bloc’s e-commerce agreement. Read more here.

    The European Parliament voted on April 27 to approve the UK-EU Trade and Economic Cooperation Agreement, although calling the UK’s withdrawal from the EU a “historic mistake”. Read the press release from the European Parliament here.

    On April 26, the European Commission held its 2021 Trade Policy Day to discuss its new Trade Strategy to promote an open, sustainable and assertive trade policy for the EU. To watch the recording of the EU’s Trade Policy Day proceedings, view here.

    The African Continental Free Trade Agreement (AFCFTA) marks 100 days! Read this feature on the AfCFTA by the Namibian Economist here.

    UNCTAD has published a new research paper examining why the predominant strategy to build back better after the COVID-19 crisis is flawed and calls for a different reform agenda. Access the full paper here.

    Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

    Given the limited but promising trade and investment relationship between both regions, there is a dearth of scholarly analysis on the Africa-Caribbean economic relationship. This Symposium aims to address this gap in international economic relations scholarship through considered analytical pieces exploring aspects of this understudied relationship. We invite authors to submit blog contributions which critically analyze and examine this relationship from a variety of perspectives. Read the full Call for Blogs here.

    REGIONAL NEWS

    Sales at Haiti markets account for 7.5% of Dominican exports

    Dominican Today: The sales of the Dominican Republic-Haiti binational markets equal 7.5% of total Dominican exports, according to a study by the Central Bank. Read more

    Hot water plant coming to boost mango export

    Jamaica Gleaner: Agriculture Minister Floyd Green says he is confident that the construction of a hot-water treatment plant, which is slated to be completed during the current financial year, will help to open more doors for Jamaica in the mango-export market. Read more

    Jamaican Julie and East Indian Mangoes Shipped to UK

    Jamaicans.com: According to Jamaica’s Ministry of Agriculture and Fisheries, over 4,700 kilograms of mangoes were shipped from the island to the United Kingdom on April 22, 2021. Read more

    Jamaica to enhance trade and investment opportunities under EDP

    Jamaica Observer: Jamaica has been making efforts to enhance its foreign trade and investment opportunities under the Economic Diplomacy Programme (EDP). Read more

    St Vincent exports produce despite La Soufriere

    TT Newsday: Despite the devastation to the St Vincent and the Grenadines (SVG) agricultural industry caused by the eruption of the La Soufriere volcano – the most devastating impact in the agricultural sector has faced in more than 100 years – tonnes of produce grown by SVG farmers still arrived on Trinidad and Tobago’s shores on Tuesday. Read more

    Private businesses in Cuba register slight increase in exports

    OnCuba: The services sector stands out as one of the main forays into the international market, the general director of Foreign Trade, Vivian Herrera, recently published on her official Twitter account. Read more

    Cuba increases non-state forms of management in foreign trade activities

    Radio Cadana Agramonte: Non-state management forms in Cuba have so far signed 1,987 contracts with state enterprises aimed at facilitating the export and import of goods and services. Read more

    Bee honey exports increase in Camagüey

    Radio Cadena Agramonte: The export of bee honey in the province of Camagüey reported at the end of the first quarter an income of more than eight million dollars (USD), higher than the four million 905 thousand 600 USD planned for that period. Read more

    St Vincent to get US$2.2 million from CCRIF

    Nation News: The Caribbean Catastrophe Risk Insurance Facility (CCRIF) Monday said that it would be paying out an estimated US$2.2 million for relief and recovery efforts following the eruption of the La Soufrière volcano in St Vincent and the Grenadines. Read more

    ICAO Council President lauds Eastern Caribbean approach to aviation recovery

    Mirage: The regional collaborative approach achieved by the Organisation of Eastern Caribbean States (OECS) will contribute to an accelerated and sustainable recovery of the aviation sector, ICAO Council President Mr. Salvatore Sciacchitano remarked during a ministerial meeting that took place virtually yesterday. Read more

    INTERNATIONAL NEWS

    Pressure mounts to reopen Brexit deal

    BBC: Meat and seafood, particularly exports by small firms, are paying the highest price for the Brexit deal, and pressure is growing to lighten the burden of paperwork. Read more

    ‘Black day’ leaves UK fishing worse off than before Brexit

    Euractiv: The collapse of talks on a fishing quota deal with Norway has exposed the vulnerability of the UK’s fishing industry and left it in a weaker position than when the UK was in the EU, fishing leaders have said. Read more

    Aligning EU-UK phytosanitary measures must be ‘top priority’, warn agri industry

    Euractiv: The EU and UK may have finally ratified their trade deal, but question marks remain over how the two partners will align their phytosanitary regulation, which is causing a considerable headache for the agrifood sector. Read more

    Quite a challenge’: UK restaurants and pubs face staffing crisis after Brexit

    The Guardian: Venues aim to recruit after Covid but face lack of supply of skilled people from the EU. Read more

    MEPs lament ‘lose-lose’ situation as EU Parliament votes Brexit trade pact

    Euractiv: The bruises left by the Brexit process were evident on Tuesday (27 April) even as EU lawmakers endorsed the trade deal that now governs economic relations between the UK and EU, almost five years after the UK voted to leave the bloc. Read more

    China’s new IP rights protections fall short: Biden’s trade rep

    The Biden administration urged China to do more to respect the intellectual property of US firms, signalling that the US will maintain pressure applied under Donald Trump to crack down on commercial crimes ranging from IP theft to counterfeiting and digital piracy. Read more

    Biden’s EU Trade Dilemma

    Maritime Logistics Professional: The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S. manufacturers. Read more

    U.S. to join effort to curb climate-warming emissions from shipping

    Reuters: The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden will host this week. Read more

    U.S. Chamber Releases In-Depth Analysis of Potential U.S.-Kenya Free Trade Agreement

    US Chamber of Commerce: Today, the U.S. Chamber of Commerce’s U.S.-Africa Business Center (USAfBC), in partnership with Covington and the American Chamber of Commerce Kenya, released a new in-depth analysis “U.S.-Kenya Trade Negotiations: Implications for the Future of the U.S.-Africa Trade Relationship,” examining the challenges and benefits of a potential free trade agreement (FTA) between the U.S. and Kenya. Read more

    Biden Names Trade Expert Celeste Drake as ‘Made in America’ Director

    Bloomberg: President Joe Biden has selected Celeste Drake, a longtime trade expert from AFL-CIO, to be the first director of his initiative to steer more federal dollars to U.S. manufacturers and producers, an administration official said. Read more

    Biden trade adviser and Bill Gates discussed IPR waiver for COVID-19 vaccines

    WBHL: U.S. President Joe Biden’s top trade adviser met virtually with Microsoft co-founder and philanthropist Bill Gates on Tuesday about increasing COVID-19 vaccine production and the proposed waiver of intellectual property rights protections for vaccines. Read more

    Biden’s first 100 days: USTR Tai testifies on China trade deal

    Nikkei Asia: U.S. President Joe Biden’s first 100 days in office, marked by the coronavirus, reforging alliances and climate change, will come to an end on Thursday. Read more

    Mexico’s Supreme Court overturns longtime ban on U.S. fresh potato imports

    Blue Book Services: Today, April 28, 2021, the Mexican Supreme Court ruled by a unanimous vote of five to zero in favor of overturning a 2017 lower court decision that prevented the Mexican federal government from implementing regulations to allow for the importation of fresh U.S. potatoes throughout the country. Read more

    Ecuador’s banana sector seeks to strengthen its relationship with Asia

    Fresh Plaza: The Ecuadorian banana sector demonstrated its resilience capacity in 2020, growing by 5.6% despite the issues brought by the global health crisis. However, as its representatives expressed at a virtual press conference on Tuesday, it continues to work to broaden its commercial horizons, especially in Asia. Read more

    Singapore and region stand to benefit from RCEP free trade agreement: MAS

    Strait Times: The world’s largest trade pact will reduce tariffs and harmonise trade rules, and Singapore and the region stand to gain from it by being more deeply plugged into global supply chains. Read more

    South Africa’s trade surplus grows to $3.67 billion in March

    Reuters: South Africa recorded its largest trade surplus on record in March, data showed on Friday, with sales of commodities and minerals rising sharply as global demand driven by the economic recovery from the coronavirus continued. Read more

    With AfCFTA, ‘Africa is sending a crystal clear signal’ that it is open for business says Wamkele Mene

    The Africa Report: On 26 April African Continental Free Trade Area will hold the inaugural meeting of its Disputes Settlement Body which will be central to the fair and effective operation of what will eventually be Africa’s single market. In this exclusive opinion piece for The Africa Report, Wamkele Mene, Secretary-General of the AfCFTA, explains how this body will work and avoid the pitfalls of other trading blocs. Read more

    AfCFTA: Togo adopts strategic plan to boost its exports in Africa

    TogoFirst: Togo now has a national strategy to boost exports to other African countries. This is as African governments are doubling down on efforts to effectively implement the African Continental Free Trade Area (AfCFTA). Read more

    AfCFTA Will Unlock Africa’s Agri-Business Potential- President Kagame

    KT Press: President Paul Kagame says the African Continental Free Trade Area (AfCFTA) will be the solution to the continent’s food security challenges by unlocking the agribusiness potential by opening up new market fronts and end reliance on food imports. Read more

    UK’s Truss expects Airbus-Boeing row to be resolved by July

    Reuters: British trade minister Liz Truss expects the trade dispute over Airbus (AIR.PA) and Boeing (BA.N) to be resolved by July when a freeze on tit-for-tat tariffs expires, she told Reuters on Friday. Read more

    India, South Africa to make fresh push for waiver of vaccine patents at WTO

    Hindustani Times: Diplomats of the two countries are working on revising the text of a proposal originally submitted by India and South Africa last October. Read more

    Japan approves world’s largest trade deal including China, ASEAN

    The Jakarta Post: Japan’s parliament approved Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year. Read more

    China-Australia relations: as wine exports continue piling up at Chinese ports, Australian officials explore options

    South China Morning Post: While Australia’s wine exports to China have plummeted, those to Britain surged by 33 per cent in the 12-month period to March. Read more

    Wine exports to China crash after heavy impact of tariffs

    9News: Australian wine exports to China collapsed to just $12 million in the four months that ended on March 31 from $325 million in the same period a year earlier, as punitive tariffs took their toll. Read more

    Australia-UK free trade agreement ready by June, minister says

    7News: UK trade minister Liz Truss is upbeat about concluding a free trade agreement with Australia by June, saying “huge progress” has been made. Read more

    Mercosur’s future up for debate at key meeting next month

    Buenos Aires Times: Member nations agree to debate ‘flexibilisation’ of bloc’s rules at key meeting in May. Uruguay continues to push for liberalisation of tariffs, rules on free-trade deals. Read more

    Uruguay presents plan to make Mercosur trade talks more flexible

    Buenos Aires Times: According to the draft document released by the Foreign Ministry in Montevideo, the proposal would allow member states, under some conditions, to initiate negotiations “either as a group or individually.” Read more

    EU seeks Mercosur green commitments by end-2021 – EU trade chief

    Yahoo Finance: The European Union is seeking meaningful commitments on climate change and deforestation from Brazil and other Mercosur countries by the end of 2021 to push forward a trade agreement, European trade commissioner Valdis Dombrovskis said on Friday. Read more

    Brazil intends to modernize MERCOSUR, to improve competitiveness – Trade secretary

    Rio Times: The special secretary listed the efforts Brazil has made efforts to reform and modernize trade policies and practices, to promote greater integration and competitiveness in the global economy. Read more

    Brazil seeks changes in MERCOSUR rules on tariffs and bilateral negotiations

    Rio Times: In a meeting yesterday, along with Uruguay, the Brazilian government pushed for a 10% reduction in the bloc’s common external tariff on imports. Read more

    Paraguay would ask Mercosur countries to negotiate Cuba’s COVID-19 vaccines

    OnCuba: The Paraguayan delegation in the Mercosur Parliament (PARLASUR) met this Friday with the Cuban ambassador to Paraguay, Raúl Gortázar, to continue advancing in cooperation between the two countries, as well as with the rest of the countries of the South American bloc, also made up of Argentina, Brazil and Uruguay. Read more

    STRAIGHT FROM THE WTO

    NEW ON THE CTLD BLOG

    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

  • Caribbean Trade and Development News Digest – April 18-25, 2021

    Caribbean Trade and Development News Digest – April 18-25, 2021

    Welcome to the Caribbean Trade and Development News Digest for the week of April 18-25, 2021! We are pleased to bring you the major trade and development news headlines and analysis from across the Caribbean Region and the world from the past week.

    THIS WEEK’S HIGHLIGHTS

    CARICOM foreign ministers met with US Secretary of State Antony Blinken in a virtual forum. Read more here.

    A new UNCTAD feasibility study looks at how voluntary sustainability standards (VSS) could help CARICOM members boost export potential to the European Union. Access the study here.

    We wish to congratulate Ambassador Dr. Richard Bernal on his appointment to the Leadership Council of the UN Sustainable Development Solutions Network. Read more here.

    Finally, we wish to share our solidarity with the people of India who are enduring a deep and deadly second wave of the COVID-19 pandemic. India donated the first set of vaccines to Barbados which was critical in the start of our vaccination programme. We keep our Indian brothers and sisters in our prayers.

    Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

    Given the limited but promising trade and investment relationship between both regions, there is a dearth of scholarly analysis on the Africa-Caribbean economic relationship. This Symposium aims to address this gap in international economic relations scholarship through considered analytical pieces exploring aspects of this understudied relationship. We invite authors to submit contributions which critically analyze and examine this relationship from a variety of perspectives. Read the full Call for Blogs here.

    REGIONAL NEWS

    Secretary Blinken holds roundtable with CARICOM foreign ministers

    The Daily Herald: Secretary of State Antony J. Blinken met virtually with foreign ministers from the Caribbean Community CARICOM member states on Wednesday to demonstrate the United States’ commitment to working with all countries in the region to advance bilateral and regional interests. Read more

    Prince Charles holds dialogue with CARICOM heads on disaster response of small states

    Dominica News Online: Just days after the Duke of Edinburg’s funeral and burial, the Prince of Wales, His Royal Highness Prince Charles, on Friday, April 23, chaired a virtual round table meeting focusing on: ‘Accelerating Economic Recovery and
    Sustainable Markets,’ among Small Islands States (SIDs), in response to disasters and global crisis. Read more

    George Talbot is new Guyana Ambassador to CARICOM

    News Source Guyana: Career Diplomat, Ambassador George Talbot has been appointed as Guyana’s new Ambassador to CARICOM. He presented his credentials to CARICOM Secretary-General Ambassador Irwin LaRocque on Wednesday. Read more

    Bahamas was near top of tax-to-GDP ratio increase in LAC region pre-COVID, IDB study finds

    Eye Witness News: The Bahamas saw the second largest increase in tax-to-GDP ratios between the two years preceding the onset of the COVID-19 pandemic, according to a recently released Inter-American Development Bank (IDB) analysis. Read more

    Barbados exploring ocean energy technology

    Jamaica Gleaner: The Barbados government says it is considering having ocean energy technology operational on the island as part of the National Energy Policy target of 100 per cent renewable energy by 2030. Read more

    Hanna wants Jamaica to promote international trade policy

    Jamaica Observer: Opposition spokesperson on foreign affairs and foreign trade Lisa Hanna is urging the Government to join hands with the Opposition and the private sector to seek growth solutions by pushing a foreign policy which focuses on economic development. Read more

    India in talks with Guyana for long-term crude supply

    Hellenic Shipping News: India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. Read more

    Suriname Hopes To Become South-America’s Newest Oil Exporter

    Yahoo Finance: As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of poor drilling results, ExxonMobil’s slew of large high quality oil discoveries in Guyana’s offshore Stabroek Block has reignited interest in the Guyana-Suriname Basin’s oil potential. Read more

    Ministries of Trade and Agriculture meet with livestock producers as Belize looks to renegotiate partial-scope agreement with Guatemala

    Breaking Belize News: Belize is trying aggressively to gain more foreign exchange earnings by aggressively pursuing market opportunities in neighbouring countries. Read more

    Caribbean food security during COVID-19 can only be ensured through debt relief

    The Conversation: The pandemic and global trade disruptions have highlighted the growing vulnerability of Caribbean states when it comes to importing food items. Annually, Caribbean states import food items valued at nearly US$5 billion for food security. Read more

    INTERNATIONAL NEWS

    European Parliament to vote on EU-UK trade deal

    Foreign Brief: The EU parliament will vote today on the EU-UK Trade and Cooperation agreement, which governs post-Brexit relations. Read more

    Brexit: UK and Australia agree ‘vast majority’ of trade deal

    BBC: The UK and Australia say they have agreed “the vast majority” of a free trade deal. Read more

    The future of global trade – in 7 charts

    WEF: Global trade is ready for a strong but uneven recovery after the shock of the pandemic, according to the World Trade Organization (WTO). Read more

    WTO chief targets EU’s farm policy as part of global discussion on subsidies

    Euractiv: The managing director of the World Trade Organisation, Ngozi Okonjo-Iweala, said she wants to discuss China’s industrial subsidies but also state aid given to farmers, such as Europe’s Common Agricultural Policy, as part of efforts to improve the multilateral trading system. Read more

    EU sues AstraZeneca over breach of COVID-19 vaccine supply contract

    Reuters: The European Commission said on Monday it had launched legal action against AstraZeneca (AZN.L) for not respecting its contract for the supply of COVID-19 vaccines and for not having a “reliable” plan to ensure timely deliveries. Read more

    U.S. Chamber sees risk of faltering Indian economy due to COVID-19 spike

    Reuters: The U.S. Chamber of Commerce on Monday warned that the Indian economy – the world’s sixth largest – could falter as a result of a record spike in coronavirus cases, creating a drag for the global economy. Read more

    New Zealand to open trade commission in Fiji aimed at boosting post-Covid Pacific trade

    The Government plans to open a new trade commission in Fiji, with the hope of boosting post-Covid trade between New Zealand and the Pacific. The new trade diplomat will be tasked with helping New Zealand businesses and bolstering trade in Fiji and across the region, Trade Minister Damien O’Connor said on Wednesday. Read more

    Top U.S. trade negotiator meets Pfizer, AstraZeneca execs on COVID-19 IP waiver

    Reuters: U.S. Trade Representative Katherine Tai on Monday met virtually with top executives of drugmakers Pfizer (PFE.N) and AstraZeneca PLC (AZN.L) to discuss a proposed waiver of certain intellectual property rights in response to the COVID-19 pandemic. Read more

    African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist – report

    Africanews: Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1 billion left the South African market alone, the report found. Read more

    Pandemic Spurs Demand For Trade Finance Capacity In Africa

    Global Finance: The continent’s trade finance needs are expected to increase as the implementation of the African Continental Free Trade Area agreement begins. Read more

    Supporting small businesses is critical for COVID-19 recovery

    UNCTAD: Micro, small and medium enterprises (MSMEs) can power a stronger recovery from the COVID-19 pandemic, due to their innovative and opportunity-seeking nature, but they need more support. Read more

    STRAIGHT FROM THE WTO

    NEW ON THE CTLD BLOG

    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

  • Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

    Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

    Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation between these two regions are encouraging based on shared historical and cultural ties. To this end, the Caribbean Community (CARICOM) has announced steps to formalize relations with the African Union (AU).Several CARICOM countries have also sought to deepen bilateral ties with individual African countries. Africa-Caribbean Economic Relations and cooperation are even more critical now as countries on both sides of the Atlantic aim to kickstart economic recovery following the devastation wrought by the COVID-19 shock. Indeed, vaccine cooperation became another form of Africa-Caribbean cooperation when the AU offered CARICOM access to some of the approved vaccines from a shipment it was receiving.

    Given the limited but promising trade and investment relationship between both regions, there is a dearth of scholarly analysis on the Africa-Caribbean economic relationship. This Symposium aims to address this gap in international economic relations scholarship through considered analytical pieces exploring aspects of this understudied relationship.

    We invite authors to submit contributions which critically analyze and examine this relationship from a variety of perspectives, including but not limited to:

    • Geo-political and economic ties (both historical and present) between these two regions; 
    • The future of trade and investment relations between both regions in light of WTO-plus mega-regional trade agreements popping up;
    • EU-ACP relations e.g. EU-EPAs and issues relating to fragmentation and dilution of negotiating positions by African and Caribbean countries;
    • The impact of COVID-19 on the vulnerability of trade and investment regimes in both regions;
    • Comparative perspectives from both regions on the role of education in the advancement of critical thought in international economic relations scholarship;
    • Comparative perspectives from both regions on the regulation of digital trade/e-commerce;
    • Africa-Caribbean collaboration in multilateral fora, e.g., WTO, ACP, Commonwealth, UNCTAD; •
    • Comparative perspectives from both regions on approaches to cooperation and regional integration; 
    • Comparative perspectives from both regions on Sustainable Development, e.g., approaches to mainstreaming regulation of renewable energy, the green and blue economy into trade and investment regimes;
    • Air Connectivity/Tourism/Travel Trade, e.g., prospects for promoting leisure and business travel between CARICOM and African countries;
    • Cultural Industries collaboration;
    • Role of the private sector in shaping future Africa-Caribbean trade and investment relations;
    • Investment relations, e.g., opportunities for Africa-Caribbean FDI, cooperation on investment rule-making reform.

    Submission Guidelines:

    Essays that are submitted as part of this symposium must be analytical and original. Authors must comply with the Afronomicslaw.org blog submission guidelines accessible here. Blogs are to be submitted to afronomicslaw@gmail.com with the title ‘African-Caribbean Relations Blog Submission’.

    Deadline for Submission of Essays:

    May 14, 2021.

    Inquiries or clarifications relating to this call should be directed to Ohio Omiunu (ohio.omiunu@dmu.ac.uk) and Alicia Nicholls (alicia.nicholls@cavehill.uwi.edu)