trade

Gulf nations are seeking to help their firms venture into Kenya in a renewed bid to grab a piece of the local economy and rebuild relations following moments of suspicion. Last week, President Uhuru Kenyatta hosted high-level delegations from Qatar and, later, Saudi Arabia, two of the oil-rich Middle East nations that have had mostly bad press in Kenya for suspected mistreatment of Kenyan domestic workers there.

Cuba and Belarus celebrate today their 25-year diplomatic relations. The bilateral ties have taken deep roots and gone beyond the April 1992´s historic protocol signing. As stated by the Belarusian Ambassador, Aleksandr Aleksandrov in an exclusive interview with Prensa Latina, in assessing the enduring friendship and mutual trust ties, which have been built for decades, since the time of the former Soviet Union.

Featuring a Japanese-Indian regional initiative and a German-African economic development program. 

As the UK prepares to leave the EU, it has a huge number of considerations to ensure its economy prospers. One, which is perhaps overlooked, is Britain’s language policy and how important this is as an economic resource. A strategic language policy and the cultivation of language experts in post-Brexit Britain are essential if it wants to connect with fresh markets overseas. This has long been a feature of international diplomacy—stretching back long before globalization as we know it. 

Brexit finally gets underway this week. So now is the time for the United Kingdom to make equal haste with rejuvenating its diplomatic and trade ties in the world, beginning with Turkey. For years the potential of the UK’s ties with Turkey has been smothered by the sweaty, asphyxiating blanket of the EU’s accession talks with Ankara. No one in their right mind, on either side of the Bosphorus, believed in earnest that Turkey would join the EU in their lifetime. ​

This week, prime minister Hailemariam Dessalegn had presented a six-month performance assessment report of his government to the House of Peoples Representatives. Foreign relation and diplomacy were among the overarching themes. [...] Efforts were channelled towards helping the country enjoy finance either in a form of loan or aid for trade, investment, tourism. In general, the activities were focused on economic diplomacy.

Considering Africa’s lackluster performance, it is no coincidence that many African countries and global development institutions are now prioritizing a strategy of trade over aid. But what if focusing on trade—such as partnerships with Chinese and American governments and companies—is the wrong way to look at the problem? What if instead, African countries focused on innovation? The opportunities for growth and prosperity would be much brighter.

Saudi King Salman’s four-day state visit to Malaysia in late February culminated with an investment deal between Malaysia’s Petronas and Saudi Aramco, as well as key bilateral agreements on the cooperation and exchange of expertise in the fields of trade and economy; labour and human resources; science and higher education; and news exchange. The latter agreements underscore a shift from past engagements.

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