This white paper presents a bold and visionary action plan, co-created by the World Economic Forum and the Friends of the African Continental Free Trade Area (AfCFTA), containing goals, initiatives and commitments from industry leaders in four priority sectors: automotive, agriculture and agro-processing, pharmaceuticals, and transport and logistics – which have a combined worth of $130 billion.
#Africa is undergoing profound changes as the region becomes more integrated, accelerated by the #AfCFTA – a single market representing 1.7 billion people and $6.7 trillion in consumer and business spending by 2030. The full implementation of the AfCFTA agreement is projected to increase real incomes by 7% or nearly $450 billion.
Projects profiled in this action plan include the mobilization of financing to upgrade infrastructure in the transport and logistics sector, the development and deployment of green technologies in the automotive sector, the expansion of initiatives to move more of the agriculture value chain to the continent, and commitments by pharmaceutical companies on workforce, innovation, finance, policy and inclusivity.
Taken together, these ambitious commitments from leading companies on the continent signal to potential investors that investment in Africa can look forward to a future of boundless innovation and inclusive African prosperity.
The IAF Multilateral Agreement report, a timely reminder of how the MLA and accredited conformity assessment contributes to the facilitation of world trade by eliminating technical barriers https://bit.ly/MLAIAF
The IAF Multilateral Agreement report, a timely reminder of how the MLA and accredited conformity assessment contributes to the facilitation of world trade by eliminating technical barriers https://bit.ly/MLAIAF
The need for new forms of global governance arises as the US-led liberal international order faces challenges. This includes the strengthening of international institutions like the United Nations, the World Trade Organization (WTO), and the International Monetary Fund (IMF).
Certified independent director, board member and advisor to corporations, governments and international organisations (EMEA, US, UK). Founder of The Mediterranean Growth Initiative.
This is a serious step.
Europe to appoint a Commissioner on the Mediterranean (like a cabinet minister looking at the engagement between EU and its frontline markets in the Mediterranean).
Migration control might be the EU motive.
Every euro dedicated to supporting the economies of non EU Med must be targeted to improving people’s lives and share of opportunity. EU and partner governments must be accountable.
Data collection and analysis will become more important - to track progress and policy impact.
This is our mission at The Mediterranean Growth Initiative.
We are excited with the possibilities.
Mediterranean Growth Initiative (MGI)European Commission
“The Summit of the Future is an opportunity to build trust in the multilateral system, but also to create hope that we can do things differently and better for the world's populations.”
UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan discusses how we can reform the multilateral financial system to support sustainable development. ▶️ https://ow.ly/nyWB50TshOW#OurCommonFuture
Last Friday has been spent at Warsaw European Conversation by Polityka Insight . The common message is clear: we are switching our economies to a ‘crisis’ mode. And here are a couple of insights: changing the role of government from the regulator to the manager, amending the regulations with the purpose of having fast and smart trade processes. It is important to do it right.
Just thinking.
#cee#economicinsights#thoughtsoftheday#economicdiplomacy#politykainsight
