European Union chief eyes free trade pact with Africa
SEE ALSO :Race to replace UK's May gets underwayNot enough While it was clear that a free trade pact would be some way off, and well after Juncker steps down in a year’s time, the EU would look to take advantage of Africa’s efforts to forge a free trade area within the continent to work towards a comprehensive continent-to-continent trade agreement. Trade between Africa and Europe, said Juncker, was not insignificant - 36 per cent of Africa’s trade is with the European Union, compared to 16 per cent with China and six per cent with the United States. “But this is not enough,” Juncker told the European Parliament. “I believe we should develop the numerous European-African trade agreements into a continent-to-continent free trade agreement, as an economic partnership between equals.” The European Union already has a series of deals with individual African countries, largely in North Africa, as well as additional economic partnerships with African blocs, such as the Southern African Development Community.
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