... political balances at all levels and in all areas.
Chinese investments have expanded their scope of work across the continent, and the volume of trade between China and Africa is increasing at a very high rate. Where during the summit of the Forum on China-Africa Cooperation (FOCAC) held in Beijing in September 2024, China pledged to implement about 30 infrastructure projects across the continent and provide financing and support worth about 51$ billion over the 3 years(2025-2028).
The trade volume between ...
... jointly) in commercial quantities to gain economic sovereignty, not just political one? Or all hopes are again pinned on Russia, China, Turkey, Iran and other non-Western nations? And if so, is “sovereignty” the right word here? Of course, “dependence” ... ... partners,” as evidenced by recent contacts between Moscow and the trio.
The factor of ECOWAS
Tatyana Denisova:
Regionalism in Africa at the Present Stage
The original mission of ECOWAS, established in 1975, was to achieve economic integration of the countries ...
...
summit of BRICS in Johannesburg, Russian Foreign Minister Sergey Lavrov
supported
the candidacies of India, Brazil and South Africa “as states whose active role in this worldwide organization we appreciate and we want it to be bolstered in the Security ... ... deliberations as they are obedient to Washington’s orders, just like virtually any other Western state,” he
emphasized
.
China’s position on reforming the UN Security Council is reduced to general statements that boil down to strengthening the representation ...
... than 2 percent of the total US foreign trade. The overall value of US exports to the continent fell from $32.9 billion in 2011 to $26.7 billion in 2021, while imports declined from $93 billion in 2011 to $37.6 billion in 2021. It is about a quarter of China's overall trade with Africa. Furthermore, US trade with Africa is far less diverse than China's trade - both in terms of its geography and its structure.
US foreign direct investments (FDI) to Africa demonstrate a similar underperformance. China surpassed the US in overall ...
... Multipolarity will be key in achieving this. China emphasises principled opposition to hegemony. These approach set African states on an equal footing with their Eastern partners.
Russia explicitly states its objective of supporting “African solutions for African problems,” while China’s initiatives also emphasise the importance of community autonomy in seeking solutions to local issues.
African societies are deeply traditional. Governments follow their people in taking a principled stance on values, especially when it comes ...
The 15th BRICS summit in South Africa is set to bring major changes to the global economic landscape
The 15th BRICS summit in South Africa is set to bring major changes to the global economic landscape as the bloc is preparing to unleash an expansion that may result in a significant increase in its economic weight and influence on the international arena.
China-proposed "BRICS Plus" cooperation approach launched in 2017 is bearing its fruits as dozens of developing economies have enthusiastically responded to the openness of the bloc, expressing their desire to join the grouping. We are witnessing ...
... accelerated by China’s emphasis on principled opposition to hegemony[6] and Moscow going a step further saying that it will actively counteract neo-colonial structures.[7]
These are not empty words. China and Russia have both shown commitment to reinforcing African sovereignty. China recently unilaterally cancelled 23 loans to 17 countries in Africa.[8] And in a major move, Lavrov, Russia’s Foreign Minister, proposed that more African countries join the UN Security Council.[9] Such actions are examples in a wider commitment ...
Working Paper No. 74 / 2023
Working Paper No. 74 / 2023
The working paper seeks to analyze constitutive voting patterns of Sub-Saharan states of Africa at the UN General Assembly. The methodology proposed in this paper offers an opportunity to explore this issue topic-wise as well as in a broader sense. The paper considers a number of indicators that help assess the involvement of the continent’s ...
... Argentina’s Presidency Pro Tempore, MERCOSUR and the African Union undertook steps to boost bilateral relations between the two regional blocs.
In particular
, “the Secretary for International Economic Relations, Jorge Neme, chaired the first Mercosur-African Union Meeting, aimed at strengthening relations between the blocs, renewing political ties, further reinforcing cooperation mechanisms and fostering economic relations”.
The more complicated steps will involve the incorporation of Asia, most notably China, into the common South-South FTA platform. The difficulty emanates from the fragmentation of the regional integration patterns in Asia as well as the asymmetries in terms of size: Asia accounts for over 80% of the Global South total GDP, while China ...
... by the creation of RCEP. The next stage in this process would be to link up all of the pan-continental platforms in Eurasia, Africa and Latin America into one common platform that would cover the bulk of the developing world with important implications ... ... aggregation of regional integration groups of the Global South under the banner of BRICS+ a different track is entertained by China and its BRICS partners that targets increasing the membership of the core of the Global South.
Hence, the current dilemma ...
