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Tag Archives: economy

Global Economy Better Positioned In 2020

After a challenging 2019, the global economy is in better shape for 2020 with energy demand remaining robust according to Dr Sultan Al Jaber, Minister of State and Adnoc group chief executive. Al Jaber was speaking at the Atlantic Council Global Energy Forum held in Abu Dhabi, as hundreds of delegates including government officials and industry leaders convened together to ...

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African Governments Should Focus On Macroeconomic Policies

Africa’s labour markets are the most dynamic in the world. Yet, according to the International Labour Organisation (ILO), African countries had some of the lowest unemployment rates in 2018. They include Niger (0.3%), Rwanda (1%), Burundi (1.5%), Madagascar (1.7%), Togo (1.7%), Ethiopia (1.8%), Tanzania (1.9%), Liberia (2%), Benin (2.1%) and Chad (2.2%). African economies also have some of the world’s highest ...

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European Economy Hopeful Of Recovery In 2020

European policy makers hope that stronger growth will materialize as global headwinds recede. But a look at what awaits the four largest European economies next year shows that governments everywhere are hanging at the mercy of a continuous slowdown, as the persistent recession of the manufacturing sector begins to spill over into the rest of the economy. Many countries also suffer from self-inflicted harm ...

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Canberra Plans To Invest In Renewable Energy

Australian capital, Canberra, is set for a large-scale renewable-energy auction to guarantee its 100 per cent renewables target in the mid-2020s. The bids opened on 15th November and will remain open until early 2020. At present, more than 100 megawatts of solar generating capacity is operational within the territory, with four large solar farms within 30 minutes’ drive of central ...

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United States and New Zealand Meet For Trade and Investment Framework Agreement

The United States and New Zealand recently held productive discussions under the Trade and Investment Framework Agreement (TIFA), noting the strong and growing trade cooperation between the two countries. During the meeting, the United States and New Zealand agreed to enhance their trade and investment relationship and to meet again next year. In addition to discussing enhanced trade ties, the ...

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Brazil’s Implementation of Tariff Rate Quota For Wheat A Win For American Farmers

U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue welcome Brazil’s implementation of an annual duty-free tariff rate quota (TRQ) of 750,000 metric tons (MT) of wheat imports. For many years, Brazil failed to implement its obligation under the WTO to establish a TRQ for wheat. Brazil’s implementation of this TRQ fulfills a commitment made to President ...

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Tanzanian Cashew Appreciated At CIIE

The Tanzanian pavilion at the Second China International Import Expo (CIIE) experienced massive crowd and appreciation for its gemstones and cashews. The Chinese President Xi Jinping was extremely happy about the quality of gemstones and the nuts on display at the expo. Tanzania, also known for tourism aims to welcome tourists from China and all over the country to enjoy ...

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Oil Companies In Uganda Get Time To Consider Deal

Uganda is well known as an established frontier for oil exploration, potential development and production that offers great opportunities to UK companies. Twenty oil and gas discoveries have been made since 2006. Keeping the trade perspective in mind, the President of Uganda has given five oil companies involved in the development of oilfields in Uganda’s Albertine Graben a month’s time to decide on ...

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