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Africa could gain $89 billion annually by curbing illicit financial flows

Africa could gain $89 billion annually by curbing illicit financial flows

29 Sep 2020Topic NewsFinance and development
UNCTAD’s Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent face...
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New WTO working group established to deepen trade and gender discussions

New WTO working group established to deepen trade and gender discussions

29 Sep 2020Topic NewsGlobal trade governance
A group of WTO members agreed to establish an Informal Working Group on Trade and Gender on 23 September, marking the next phase of an initiative kickstarted in 2017 to increase th...
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Structured discussions on investment facilitation for development move into negotiating mode

Structured discussions on investment facilitation for development move into negotiating mode

29 Sep 2020Topic NewsGlobal trade governance
Participants in the structured discussions on investment facilitation for development began on 25 September 2020 formal negotiations on a multilateral agreement on this issue, with...
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G20 debt service suspension initiative applications rose to 46 countries to date

G20 debt service suspension initiative applications rose to 46 countries to date

29 Sep 2020Topic NewsFinance and development
G20 IFA WG advances its agenda on Financial Resilience and Supporting the Recovery The G20 International Financial Architecture Working Group (IFA WG) concluded today its Septembe...
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SACU Secretariat hosts 4th Ministerial Retreat

SACU Secretariat hosts 4th Ministerial Retreat

23 Sep 2020Topic NewsAfrican trade and integration
South Africa’s Minister of Finance, Mr Tito Mboweni, chaired the 4th joint Finance and Trade Ministers’ virtual Ministerial Retreat meeting on 21 September 2020. The Ministers ...
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COMESA launches Regional Customs Transit Guarantee Scheme mobile app

COMESA launches Regional Customs Transit Guarantee Scheme mobile app

14 Sep 2020Topic NewsServices
The COMESA Regional Customs Transit Guarantee Scheme (RCTG Carnet) has launched a Mobile Application designed to provide access to real-time information to Clearing and Forwarding ...
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Germany’s Marshall Plan with Africa will promote innovation and harness the potential of Africa’s youth

Germany’s Marshall Plan with Africa will promote innovation and harness the potential of Africa’s youth

09 Sep 2020Topic NewsGlobal trade governanceTechnology and innovation
Germany’s Marshall Plan with Africa marks a new era of cooperation between Europe and Africa that could drive industrial development and deliver huge opportunities for the Africa...
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DDG Wolff: Trade, global cooperation can best deliver adequate medical supplies

DDG Wolff: Trade, global cooperation can best deliver adequate medical supplies

09 Sep 2020Topic NewsGlobal trade governance
International trade and cooperation among WTO members are vital to ensure sufficient supplies of medical devices during the COVID-19 crisis, Deputy Director-General Alan Wolff said...
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Public procurement is a powerful tool for sustainable development – UN report

Public procurement is a powerful tool for sustainable development – UN report

08 Sep 2020Topic NewsFinance and development
Strategic government spending on goods and services can increase the uptake of sustainability standards in the wake of COVID-19, driving our sustainable development ambitions. As ...
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The Role of Digitalization in the Decade of Action for Africa

The Role of Digitalization in the Decade of Action for Africa

08 Sep 2020Topic NewsTechnology and innovation
It is widely recognized that digitalization is one of the most powerful tools for implementing the 2030 Agenda for Sustainable Development and Africa’s Agenda 2063. Digital appl...
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BRICS Foreign Ministers discuss topical international issues

BRICS Foreign Ministers discuss topical international issues

08 Sep 2020Topic NewsGlobal trade governance
On 4 September, Mr Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, chaired a Stand-alone Meeting of BRICS Ministers of Foreign Affairs / International Relatio...
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G20 Foreign Ministers to strengthen international cooperation in response to the COVID-19 pandemic

G20 Foreign Ministers to strengthen international cooperation in response to the COVID-19 pandemic

04 Sep 2020Topic NewsGlobal trade governance
The G20 Foreign Ministers held an extraordinary meeting to discuss enhancing international cooperation to recover from the impacts of COVID-19 pandemic as well as strengthening pre...
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Make COVID recovery ‘a true turning point’ for people and planet, Guterres urges, calling for concerted action by G20

Make COVID recovery ‘a true turning point’ for people and planet, Guterres urges, calling for concerted action by G20

04 Sep 2020Topic NewsTrade and the environment
UN Secretary-General António Guterres has called on governments to incorporate “meaningful” climate action in all aspects of recovery from the global pandemic. Addressing mi...
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SACU Ministers of Trade and Industry hold virtual meeting on the AfCFTA

SACU Ministers of Trade and Industry hold virtual meeting on the AfCFTA

02 Sep 2020Topic NewsAfrican trade and integration
Opening Remarks by Ebrahim Patel, Chairperson of the SACU Ministers of Trade and Industry and Minister of Trade, Industry and Competition, South Africa The objective of this Meeti...
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New support system is key in addressing SA’s export barriers

New support system is key in addressing SA’s export barriers

01 Sep 2020Topic NewsTrade law and regulation
The South African Department of Trade, Industry and Competition (the dtic) has launched the Export Barriers Monitoring Mechanism (EBMM) that will put South Africa in a strong posit...
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Digital transformation should be top priority for Africa’s leaders

Digital transformation should be top priority for Africa’s leaders

01 Sep 2020Topic NewsTechnology and innovation
African leaders need to think digital always, especially now as the continent continues to grapple with the ongoing coronavirus crisis that has affected millions across the world, ...
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4th High-Level Tax Policy Dialogue: Taxing rights for Africa in the new world and effects of COVID-19 – The role of tax policymakers and tax administrators

4th High-Level Tax Policy Dialogue: Taxing rights for Africa in the new world and effects of COVID-19 – The role of tax policymakers and tax administrators

31 Aug 2020Topic NewsFinance and development
A collaboration between the African Tax Administration Forum and the African Union Commission Outcome Statement The 4th ATAF High-Level Tax Policy Dialogue attracted over 529...
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How nations can structurally transform their economies

How nations can structurally transform their economies

28 Aug 2020Topic NewsFinance and development
The policy experiences that transformed China from a manufacturing assembly hub of the world to an economic powerhouse offer valuable lessons for countries in the global south. Th...
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WTO issues new report regarding impact of COVID-19 crisis on agricultural trade

WTO issues new report regarding impact of COVID-19 crisis on agricultural trade

28 Aug 2020Topic NewsAgriculture and commodities
The WTO Secretariat has published a new information note examining the impact of the COVID-19 pandemic on world agricultural trade. The paper notes that agricultural trade has far...
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Digital economy can put citizens in control of finance, says UN Task Force

Digital economy can put citizens in control of finance, says UN Task Force

27 Aug 2020Topic NewsFinance and development
A UN Task Force set up to look into the risks and benefits of the digital economy, has concluded that it could have a transformational impact on sustainable development, and empowe...
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