Africa is in A State of what to do and what not to do

Uncertainty is lingering upon African Countries in the Present Situation

UK is going towards a hard Brexit due to what steps its Prime Minister Theresa May took earlier this year. And by hard Brexit means the country is facing problems with EU agreements.

African State

With them there are areas where concessions are present for UK, but after the exit, EU refuses to carry on with those agreements till now and if this so happens UK will be bombarded with trade tariffs. To make a balance in the economy the prices should be raise but this will put a bad impact on the ongoing trade as it will discourage the countries to do business. So, the situation is not only difficult for both sides but it is also putting an extra pressure on the business. Continue to read more about African Countries must visit, Cargo to Africa first.

Prime Minister Theresa May

What Strategy should be followed?

This question is becoming very important for Africa that due to growing tensions between EU and UK what line should be followed. On one side Africa do not want to face the wrath of EU as the economy of Africa depends on trade and due to the member of common wealth Africa gets many benefits and have acquired many advantages due to this. On the other hand UK is a major trade partner of Africa especially South Africa and there are many projects that are going on in the countries of the continent due to the contribution of UK. Africa is facing a major dilemma due to the situation as it does not want to loose either side.

European Union

Comparison of UK Trade with EU and Africa:

If compared the UK trade with both EU and Africa the results are astonishing. The consideration of compensating the trade deficiency that will result from Brexit by the African trade will be a total loss. As if we see the progress of UK-Africa trade in past few years it is been declining gradually and the figures have fallen from 32.1bn pounds to 21.5bn which is a big difference. On the other hand the UK-EU trade figures show an increase from 339.3bn to 382.2bn which is a promising enough increase. So it will be an unwise notion if one thinks that they can cover the trade with EU countries with just one continent Africa. Before hiring any Air Cargo to Africa from UK service, contact Cargotoafrica.co.uk

Air Cargo

African Trade Comparison:

Considering the African trade is also very important in this respect as it will help in understanding that what is important for Africa at this point. Africa’s trade with 27 EU countries reached 259.3bn euros in 2016 and if we compare the UK trade it is hardly 10%. So who is more important from these records is very obvious i.e. EU. 27 countries versus one country, only a fool will not see what can be expected.

Brexit

But the problem is that UK is very important for small countries in Africa as there development depends on the relation. Also a big contribution of UK trade in the economy of South Africa is not a thing that can be ignored. All these reasons demand a steady consideration of the situation to make agreement of future plan. For any agreement to get finalized, Africa have to wait for the Brexit to really happen which will clear the situation fro any further steps.

Jamaica and EU in Trade Relations

Jamaica Government is considering strengthening the Trade Relation with EU

Jamaica & EU Relations

Although already in very good terms with EU countries, the authorities at Jamaica are considering ways through which they can gain more from the CARIFORUM-European Union (EU) Economic Partnership Agreement so as to strengthen its trade relationships with the 27-member EU. Before hiring any Air Cargo to Africa from UK service, contact Cargotoafrica.co.uk.

A little Flashback:

The EPA between EU and the Caribbean Forum (CARIFORUM) came active in 2009. CARIFORUM represent African, Caribbean and Pacific Group of States. This agreement replaces the Cotonou agreement signed in 2000, giving more access for CORIFORUM countries into the EU market. This market access will be more long-term, it also has provisions for cooperation and development support for the Caribbean.

Cariforum

The main Stance:

Jamaica’s foreign affairs and foreign trade minister Senator Kamina John Smith said recently in the third Jamaica/EU Political Dialogue that they are seriously considering ways to gain more from the agreement. The largest trade partner in that bloc of Jamaica is United Kingdom and the consideration is taking place sideways as many new developments are either underway. One of which is the pending departure of United Kingdom from European Union. The Jamaica Senator said that despite their strong relationship with UK, they want to further enhance the collaboration with EU side by side.

Senator Kamina John Smith

For the purpose of reviewing steps that can be taken in the direction, a commission has been established that will look into the relationships within CARICOM and CARIFORUM structure, the report will be ready soon.

European Union as an agent of Development in Caribbean:

Jamaica’s senator also paid gratitude to EU for its tremendous help in the development of Jamaica and in turn of Caribbean and in broader sense in ACP countries. They have also reviewed an EU communiqué which gives the signal to where the relation of ACP countries and EU stands. The relation of EU and ACP is very strong and is growing still further. She said that they want to examine through the commission’s report what can be done to further the strong tie between the two. Not only this, cargo sectors like sea cargo and air cargo also very important in building up relations with the countries.

EU & ACP

Head of the EU delegation appreciated the dialogue between her and the Senator. According to her these dialogues show commitment between the two trading regions. Other issues related to trade and apart from trade were also discussed in the dialogue.

Conclusion:

In general the dialogue between the two representatives is very positive. The discussion points out towards the line on which the two regions are going to be going in terms of trade. It has also been cleared in the dialogue that EU in general and UK in specific both are important for Jamaica or Caribbean or ACP countries at large. As United Kingdom is the largest trade partner its importance cannot be ignored and the contribution EU is making in the development of the ACP region is worth appreciating.

Jamaica & Caribbean

Another interesting thing to be noted is that even if UK is going to get separated from EU, the relation between the three is signaled not to be affected by the separation and will continue to grow. Such collaborations are very positive for the growth of trade internationally and they should continue.