Friday, 12 November 2010

G20: free-trade area for Africa proposed by UK and South Africa

Anti-poverty strategy co-sponsored by Jacob Zuma and former Labour minister Baroness Vadera aims to bring 26 African countries together in a trading bloc


http://www.guardian.co.uk/world/2010/nov/11/g20-free-trade-area-for-africa

G20 nations agree to business-focused plan to fight poverty
http://www.theglobeandmail.com/news/politics/g20-nations-agree-to-business-focused-plan-to-fight-poverty/article1795472/

Speaking Notes by President Jacob Zuma at the G20 Business Summit, Seoul, Republic of Korea

When we consider the unexploited mineral wealth of Africa, the fact that Africa has 60% of the world uncultivated agricultural land, and that Africa has the youngest age profile of any continent, our continent's growth potential is truly massive.

There is still much to do in Africa to ensure that we reach our potential. African economic integration is still at an early stage, but we are pushing it very hard. Regional integration is the lifeblood for investment and trade in Africa.

Secondly, we are building our continental infrastructure. South Africa has been assigned by the African Union to champion the building of Africa's north-south rail and road links.

Other Heads of State and Government are championing other continent-wide African infrastructure programmes, within an agreed African Union approach.

We will be seeking partnerships with yourselves to take forward these focused programmes, falling within the ambit of the New Partnership for Africa's Development, (NEPAD).

http://allafrica.com/stories/201011110851.html

EU-Africa relations soured by trade: EU trade chief
http://af.reuters.com/article/topNews/idAFJOE6A90GW20101110

Korea head calls for more corporate investment into Africa
http://www.ibtimes.com/articles/80736/20101111/korea-g20-africa-investment-wealth-gap.htm

G20 should encourage public-private partnership – Medvedev
http://english.ruvr.ru/2010/11/11/33327674.html

Seoul G20 Business Summit Joint Statement by Participating Companies

http://www.ibtimes.com/articles/80834/20101111/g20-business-summit-seoul-korea.htm

G-20 Communique on Currencies, Financial Supervision, IMF Board: Full Text

10. Recognizing the importance of enhancing public-private partnership to promote economic growth beyond the crisis, we welcome the work done by the 12 Seoul G20 Business Summit Working Groups.

http://www.bloomberg.com/news/2010-10-23/g-20-communiqu-on-currencies-financial-supervision-imf-full-text.html

Ban says Korea to be bridge at G-20

“I see huge potential that South Korea’s development model, stressing human resources and public-private partnership, will be successfully adopted in such places as Africa,” he said. “The fact that Rwanda has followed South Korea’s Saemaul Movement [a development philosophy] and is also showing the most excellent performance in implementing the Millennium Development Goals is no coincidence.”

http://joongangdaily.joins.com/article/view.asp?aid=2927570

Kenya to set up carbon credits trading forum

Treasury officials said the formation of the exchange was being fast-tracked because of the high number of inquiries the country has received from foreign banks wanting to partner in trading in carbon credits. “We have been flooded with inquiries from financial institutions like HSBC Bank and JPMorgan, but we cannot engage them now until we have set rules and regulations,” said Geoffrey Mwau, the Economic Secretary

http://tinyurl.com/3ymhvdm

Bank Tax, CO2 Auctions Recommended by Soros Panel to Help Climate Efforts

At least $65 billion might be raised by taxing foreign-exchange transactions and auctioning pollution permits, a United Nations panel said today in a report recommending ways to finance aid for fighting global warming.
The panel, which includes billionaire investor George Soros and Larry Summers, director of President Barack Obama’s National Economic Council, said selling carbon-emissions permits would generate $38 billion and a financial transactions tax an additional $27 billion, according to the report released today
http://www.bloomberg.com/news/2010-11-05/soros-panel-draft-says-bank-taxes-c02-auctions-can-fund-climate-aid.html