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Richard Humphries܁ Profile picture
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Apr 10 • 4 tweets • 2 min read
After 20 years of periodic local debate on the need for a joined-up SA govt, SA Inc platform to promote SA's commercial relations with the RoA: "Pretoria" launches the Coordination Mechanism for Economic Diplomacy (#COMED).
#COMED will, inter alia, coordinate SA export promotion opportunities across the continent; advance regional integration; promote good corporate practice by South African private sector companies operating in the RoA.
COMED will establish five thematic working groups: Services; Trade; Mining, Energy and Blue Economy; Infrastructure; Manufacturing and Agro-processing.
The SA government departments joined-up in COMED are @the_dti, @DIRCO_ZA and @DPE_ZA. Details of SA Inc's participation is awaited (@BLSA_Official. @economic_indaba).
thedtic.gov.za/the-dtic-pledg…

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More from @RichardHumphri1

Richard Humphries܁ Profile picture
Apr 10
Earlier this month a customs team from the @AfCFTA in Accra began a tour of East Africa, studying trade facilitation instruments used across the region. 

Insights will be considered for use on the Abidjan - Lagos Corridor. A thread from their mission:
#1. @AfCFTA #EastAfrica.
#2. @AfCFTA #EastAfrica.
Read 9 tweets
Richard Humphries܁ Profile picture
Apr 9
1105 vehicles will remain in Tanzania; the remaining 2,936 will transit to DRC, Uganda, Zambia, Zimbabwe, Malawi and South Sudan. A consignment from Singapore:
thecitizen.co.tz/tanzania/news/…
Meanwhile: with storage facilities at Mombasa Port "full to the brim", the government authorizes the use of inland container depots to clear cargo imports.  
ippmedia.com/en/news/inland…
And, this update on the imminent JICA-funded upgrade to Kigoma Port on Lake Tanganika, which serves as a hub for onward transshipment of goods from the Central Corridor. 
dailynews.co.tz/news/2022-04-0…
Read 4 tweets
Richard Humphries܁ Profile picture
Aug 8, 2021
What explains South Africa’s lethargic trade growth and what can be done to restore it? A thread from a 'must read' analysis by Matthew Stern and @yashysmashy (DNA Economics, Pretoria)…SA’s record trade surpluses notwithstanding.
#1. SA's relative export performance deteriorated over the last decade. Between 2010 and 2019, it more than halved. Moreover, its exports have grown at a much slower pace than the rest of the world, and SA has under-performed against middle-income and sub-Saharan comparators.
#2. In 1990, SA accounted for 0.6% of world exports, 0.5% of world imports. While its share of world imports has varied over the last three decades, by 2019 it was not much lower than in 1990, at 0.4%. But exports have declined consistently, from 0.6% to 0.4% of world exports.
Read 13 tweets
Richard Humphries܁ Profile picture
Apr 18, 2020
Will #COVID19 derail the #AfCFTA's start of trading? A timely input, now circulating, from @AfroChampions: "We make recommendations to salvage and keep the AfCFTA on track".

A thread:
"A continent that was looking forward to opening its borders to a new trade revolution starting July 2020, now has almost all of its borders shut in order to fight the pandemic. What will happen to the #AfCFTA? Will COVID19 worsen countries preparedness, commitment to AfCFTA?"
"The highly anticipated July 2020 start of AfCFTA trading timeline is at risk in light of the above. COVID-19 firefighting means there is significantly reduced attention span for AfCFTA issues among governments, policymakers and the private sector."
Read 12 tweets
Richard Humphries܁ Profile picture
Nov 21, 2019
The @ITCnews has posted a profound, strategic contribution to negotiations on the #AfCFTA's next steps. The analysis is generated from a deep dive into Africa's existing trade strategies at the national and sub-regional levels. A lengthy thread of some highlights:
@ITCnews The database: at the beginning of 2019, there were 79 trade-focused strategies under implementation across Africa. The 11 strategies that did not prioritize any sector and three other regional strategies were left out of the discussion for simplicity.
@ITCnews The remaining 65 strategies were used to shed light on the degree of overlap of sector priorities across countries. Four of the poorest nations (Burundi, CAR, Eritrea, Somalia) did not have any trade strategy in place in 2019.
Read 18 tweets

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