The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, at the weekend charged African governments to remove all trade barriers, especially cost-related ones, in order to optimally explore the opportunities in the African Continental Free Trade Agreement (AfCTA) for national development. The foremost economist noted that the high costs African exporters were experiencing […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]
The European Union (EU) and the United States (U.S.) Government have agreed to a partial truce in a dispute over metal tariffs imposed by the immediate past president, Donald Trump and to open discussions on global over-capacity and China’s “trade-distorting” policies. A news report by Reuters quoted the European Commission, which oversees EU trade policy, […]