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I can predict that F-35 will become a Prime Factor of FALL OF WESTERN MILITARY POWER! A milestone failure of history critical turn seen in history books of the future. Nothing else will be even as significant as this F-35, because they got only this, and nothing else, and all their eggs fell off from this one single basket!
‘New chapter’ in Africa’s history: World’s largest free trade zone to become reality this week
Published time: 27 May, 2019 10:36
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The Egyptian Foreign Ministry said over the weekend that the required 22 ratifications have been received. The latest two ratifications, Sierra Leone and the Sahrawi Republic, were received by the African Union (AU) on April 29. All but three (Benin, Eritrea and Nigeria) of Africa’s 55 countries have signed up to the deal. The UN said if Nigeria joins the AfCFTA then intra-African trade could grow by more than 50 percent in the next five years.
Also on rt.com China’s new Silk Road to link Africa's huge market to the rest of the world – official
According to statistics, cited by the ministry, when the agreement enters into force it will affect more than 1.2 billion people, with a total domestic product of about $3.4 trillion. It will cut duties on 90 percent of goods on the continent. The deal could boost intra-African trade by 52.3 percent, the UN said.
Rwandan President Paul Kagame hailed it as a “new chapter in African unity.”
The African Union’s trade commissioner Albert Muchanga told Fortune: “When you look at the African economies right now, their basic problem is fragmentation.”
Also on rt.com Russia may participate in construction of Trans-African railway
“They’re very small economies in relation to the rest of the world. Investors find it very difficult to come up with large-scale investments in those small markets,” he said, adding: “We’re moving away from fragmentation, to attract long-term and large-scale investment.”
AfCFTA has been a flagship project of the African Union’s “Agenda 2063” development vision for five years. The AfCFTA proposal was approved in 2012 and the members started working on a draft in 2015. In March 2018, the leaders of 44 African countries endorsed the agreement in Rwanda. AfCFTA participants are reportedly weighing the possibility of using a common currency.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/454881-bri-silk-road-africa/
China’s new Silk Road to link Africa's huge market to the rest of the world – official
Published time: 27 Mar, 2019 13:44
Get short URL
© pexels.com
“I am expecting more movements of goods, infrastructure development from the second Belt and Road Forum for International Cooperation slated for April in Beijing, as well as stronger interconnection between Africa and the rest of the world,” he told Xinhua News on the sidelines of the Africa CEO Forum.
Hadi explained that projects involving cooperation with China (such as the Ethiopia-Djibouti railway and the Doraleh Multi-Purpose Port and international free trade zone) are helping Djibouti promote trade in Africa as well as distribution across the East African region.
Also on rt.com Engine of growth: Trade turnover across China’s ‘One Belt, One Road’ exceeds $5 trillion since 2013
The official added that more than $40 billion in exports and imports has been recorded through Djibouti ports, which couldn't be achieved without developing proper infrastructure, such as sea ports and railway connections.
According to Hadi, proper infrastructure will help trade across the African continent flourish because Djibouti serves as a gateway to big markets outside Africa.
He also said the accusations against China made by Western countries about letting some African countries fall into a debt trap due to cooperation on the BRI are “complete nonsense,” as benefits generated from infrastructure construction will far exceed the investment.
Also on rt.com Africa is about to become the world’s largest free trade zone
Beijing’s development and investment BRI megaproject which was announced six years ago by President Xi Jinping covers 152 countries in Europe, Asia, the Middle East, Latin America, and Africa. It is expected to significantly boost global trade, cutting trading costs by half for the countries involved.
For more stories on economy & finance visit RT's business section
‘New chapter’ in Africa’s history: World’s largest free trade zone to become reality this week
Published time: 27 May, 2019 10:36
Get short URL
© pexels.com
- 495
- 1
The Egyptian Foreign Ministry said over the weekend that the required 22 ratifications have been received. The latest two ratifications, Sierra Leone and the Sahrawi Republic, were received by the African Union (AU) on April 29. All but three (Benin, Eritrea and Nigeria) of Africa’s 55 countries have signed up to the deal. The UN said if Nigeria joins the AfCFTA then intra-African trade could grow by more than 50 percent in the next five years.
Also on rt.com China’s new Silk Road to link Africa's huge market to the rest of the world – official
According to statistics, cited by the ministry, when the agreement enters into force it will affect more than 1.2 billion people, with a total domestic product of about $3.4 trillion. It will cut duties on 90 percent of goods on the continent. The deal could boost intra-African trade by 52.3 percent, the UN said.
Rwandan President Paul Kagame hailed it as a “new chapter in African unity.”
The African Union’s trade commissioner Albert Muchanga told Fortune: “When you look at the African economies right now, their basic problem is fragmentation.”
Also on rt.com Russia may participate in construction of Trans-African railway
“They’re very small economies in relation to the rest of the world. Investors find it very difficult to come up with large-scale investments in those small markets,” he said, adding: “We’re moving away from fragmentation, to attract long-term and large-scale investment.”
AfCFTA has been a flagship project of the African Union’s “Agenda 2063” development vision for five years. The AfCFTA proposal was approved in 2012 and the members started working on a draft in 2015. In March 2018, the leaders of 44 African countries endorsed the agreement in Rwanda. AfCFTA participants are reportedly weighing the possibility of using a common currency.
For more stories on economy & finance visit RT's business section
- 495
- 1
https://www.rt.com/business/454881-bri-silk-road-africa/
China’s new Silk Road to link Africa's huge market to the rest of the world – official
Published time: 27 Mar, 2019 13:44
Get short URL
© pexels.com
- 843
- 9
“I am expecting more movements of goods, infrastructure development from the second Belt and Road Forum for International Cooperation slated for April in Beijing, as well as stronger interconnection between Africa and the rest of the world,” he told Xinhua News on the sidelines of the Africa CEO Forum.
Hadi explained that projects involving cooperation with China (such as the Ethiopia-Djibouti railway and the Doraleh Multi-Purpose Port and international free trade zone) are helping Djibouti promote trade in Africa as well as distribution across the East African region.
Also on rt.com Engine of growth: Trade turnover across China’s ‘One Belt, One Road’ exceeds $5 trillion since 2013
The official added that more than $40 billion in exports and imports has been recorded through Djibouti ports, which couldn't be achieved without developing proper infrastructure, such as sea ports and railway connections.
According to Hadi, proper infrastructure will help trade across the African continent flourish because Djibouti serves as a gateway to big markets outside Africa.
He also said the accusations against China made by Western countries about letting some African countries fall into a debt trap due to cooperation on the BRI are “complete nonsense,” as benefits generated from infrastructure construction will far exceed the investment.
Also on rt.com Africa is about to become the world’s largest free trade zone
Beijing’s development and investment BRI megaproject which was announced six years ago by President Xi Jinping covers 152 countries in Europe, Asia, the Middle East, Latin America, and Africa. It is expected to significantly boost global trade, cutting trading costs by half for the countries involved.
For more stories on economy & finance visit RT's business section
