The agenda of the G20 Trade and Investment Ministerial Meeting included global supply chains, the new industrial revolution and the international trade outlook. It also tackled ways to achieve a more inclusive trade system that contributed to fair and sustainable development. The ministers met in Mar del Plata, Argentina on 14 September.
GEGAfrica Event Report, September 2018
South African President Cyril Ramaphosa is co-chairing the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, China, from 3-4 September. Infrastructure and industrial development are on the agenda. “These areas are aimed at addressing the three bottlenecks in Africa, as identified by China and Africa, which are hampering Africa’s development, namely, inadequate infrastructure, lack of professional and skilled personnel, and a funding shortage,” said South African International Relations Minister Lindiwe Sisulu.
Working towards strategies for climate action, the second meeting of the G20’s Climate Sus-tainability Working Group looked at tackling adaptation to climate change, creating long-term strategies and mechanisms for reducing greenhouse gas emissions, as well as mobilising climate finance flows.
The Brazilian Development Bank, Vnesheconombank (Russia), the Export-Import Bank of In-dia, the China Development Bank and the Development Bank of Southern Africa have signed an agreement on the development of distributed ledger technology.
The Indian Ocean Region was looking at redefining its regional architecture to deal with the myriad security and socio-economic challenges it faced. Part of the work was strengthening institutional mechanisms and bodies, including the secretariat, the third Indian Ocean Confer-ence heard. Taking place on 27-28 August in Hanoi, it promoted strategic co-operation and trade ties between regional countries.
On 10 July 2018 GEG Africa held a Development Dialogue Seminar in conjunction with Trade and Industrial Policies and Strategies (TIPS) in Pretoria, on Borders in Southern Africa: Unlocking economic development opportunities.
The joint declaration issued after the G20 Digital Economy Ministerial Meeting in Salta, Argentina, includes proposals to reduce the digital gender divide, transform the government, measure the digital economy and accelerate digital infrastructure. More than 30 heads of delegation attended the meeting last week.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.