The China Mail - EU, Africa pledge to boost trade, tackle migration at summit

USD -
AED 3.673042
AFN 63.503991
ALL 82.403989
AMD 368.150403
ANG 1.790403
AOA 918.000367
ARS 1465.449815
AUD 1.427684
AWG 1.8025
AZN 1.70397
BAM 1.705709
BBD 2.013483
BDT 122.708482
BGN 1.69088
BHD 0.37702
BIF 2985
BMD 1
BND 1.290663
BOB 6.90816
BRL 5.152304
BSD 0.999721
BTN 94.239742
BWP 13.585663
BYN 2.777729
BYR 19600
BZD 2.010527
CAD 1.417515
CDF 2280.000362
CHF 0.807865
CLF 0.02293
CLP 902.460396
CNY 6.769604
CNH 6.78349
COP 3452.68
CRC 453.506829
CUC 1
CUP 26.5
CVE 96.403894
CZK 21.091104
DJF 177.720393
DKK 6.516504
DOP 58.403884
DZD 133.34504
EGP 49.986489
ERN 15
ETB 158.37504
EUR 0.872353
FJD 2.235504
FKP 0.755711
GBP 0.757022
GEL 2.650391
GGP 0.755711
GHS 11.22504
GIP 0.755711
GMD 73.503851
GNF 8775.000355
GTQ 7.625892
GYD 209.119888
HKD 7.83688
HNL 26.68504
HRK 6.573199
HTG 130.583803
HUF 306.820388
IDR 17826.3
ILS 2.96854
IMP 0.755711
INR 94.330504
IQD 1310
IRR 1375000.000352
ISK 125.530386
JEP 0.755711
JMD 157.959917
JOD 0.70904
JPY 161.30504
KES 129.403801
KGS 87.450384
KHR 4010.00035
KMF 429.503794
KPW 900.00035
KRW 1527.650383
KWD 0.30793
KYD 0.833035
KZT 487.855928
LAK 22055.000349
LBP 89550.000349
LKR 333.641485
LRD 182.150382
LSL 16.405039
LTL 2.95274
LVL 0.60489
LYD 6.375039
MAD 9.225039
MDL 17.654036
MGA 4200.000347
MKD 53.732839
MMK 2099.479867
MNT 3580.422334
MOP 8.070939
MRU 40.060379
MUR 47.850378
MVR 15.450378
MWK 1737.000345
MXN 17.34565
MYR 4.137904
MZN 63.910377
NAD 16.403727
NGN 1360.440377
NIO 36.610377
NOK 9.70261
NPR 150.787532
NZD 1.743816
OMR 0.384983
PAB 0.999725
PEN 3.384039
PGK 4.38775
PHP 60.716504
PKR 278.325038
PLN 3.71375
PYG 6138.96617
QAR 3.640504
RON 4.568104
RSD 102.170373
RUB 73.103247
RWF 1464
SAR 3.74824
SBD 8.061424
SCR 13.683262
SDG 600.503676
SEK 9.589325
SGD 1.292404
SHP 0.746601
SLE 24.750371
SLL 20969.503664
SOS 571.503662
SRD 37.402504
STD 20697.981008
STN 21.4
SVC 8.747449
SYP 110.532098
SZL 16.403649
THB 32.890369
TJS 9.272075
TMT 3.5
TND 2.91175
TOP 2.40776
TRY 46.45903
TTD 6.779085
TWD 31.715038
TZS 2630.985038
UAH 44.909735
UGX 3638.520172
UYU 39.96965
UZS 12005.000334
VES 606.63266
VND 26310
VUV 118.132932
WST 2.751795
XAF 572.078806
XAG 0.015428
XAU 0.000241
XCD 2.70255
XCG 1.801643
XDR 0.703697
XOF 565.000332
XPF 104.250363
YER 238.603589
ZAR 16.454065
ZMK 9001.205044
ZMW 17.919703
ZWL 321.999592
  • CMSC

    0.0500

    22.37

    +0.22%

  • BCC

    3.8500

    74.66

    +5.16%

  • NGG

    -1.2400

    79.44

    -1.56%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • GSK

    -1.4800

    50.67

    -2.92%

  • AZN

    -2.9600

    174.93

    -1.69%

  • BTI

    -0.5800

    58.91

    -0.98%

  • BCE

    0.0000

    23.28

    0%

  • BP

    -1.0400

    39.1

    -2.66%

  • RIO

    -2.5900

    100.08

    -2.59%

  • JRI

    0.0500

    12.67

    +0.39%

  • CMSD

    0.0000

    22.29

    0%

  • RELX

    -0.8300

    31.18

    -2.66%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • VOD

    -0.2300

    14.3

    -1.61%

EU, Africa pledge to boost trade, tackle migration at summit
EU, Africa pledge to boost trade, tackle migration at summit / Photo: © AFP

EU, Africa pledge to boost trade, tackle migration at summit

European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the end of a summit aimed at boosting ties between the two continents.

Text size:

Two days of talks in the Angolan capital Luanda produced a wide-ranging declaration that nodded to Europe's desire to secure critical minerals and Africa's thirst for jobs and economic growth.

"Africa is rich in natural resources. Resources that are essential for the dual energy and digital transition," European Council President Antonio Costa said in closing remarks at the European Union-African Union summit.

"But its greatest wealth... is its human capital and its youth," he told delegates, adding it was key to develop "value chains" that supported employment on the continent.

Africa has emerged as a battleground for its critical minerals and energy potential, with China, the United States and Russia also seeking to foster stronger ties.

Germany's Friedrich Merz, Poland's Donald Tusk, and Spain's Pedro Sanchez were among about a dozen EU leaders who flew in for the summit, where analysts said a good showing was crucial to signal Brussels meant business.

Africa was represented by the likes of South Africa's Cyril Ramaphosa, Kenya's William Ruto and Djibouti's Ismail Omar Guelleh.

- 'Perfunctory' summit -

But the gathering was partially overshadowed by a European scramble to better the terms of a US plan to end the Ukraine war, with EU leaders huddling for an impromptu meeting on Monday.

Flight troubles kept Denmark's Mette Frederiksen, Luxembourg's Luc Frieden and EU foreign policy chief Kaja Kallas from the summit.

And leaders including Merz, France's Emmanuel Macron, Italy's Giorgia Meloni and European Commission President Ursula von der Leyen flew out on Monday, skipping the last day.

"The summit has been mostly perfunctory", with "many statements that Africa-Europe partnership is in the highest priority", said Alex Vines of the European Council on Foreign Relations.

"The focus on Ukraine by Europeans is a reminder that it is not," he said.

Still, Portugal foreign minister Paulo Rangel told AFP the fact that so many had travelled to Luanda sent a strong signal, describing the summit as a "success".

"There is an impulse that is quite clear," he said, praising the agreements on mobility and migration.

"Africa and Europe, if they want to be players on the global stage... they have to cooperate".

- 'Concrete' offer -

Marking 25 years of EU-AU relations, the summit came on the heels of a G20 meeting in South Africa where a US boycott underscored geopolitical fractures.

These were pointed at in a 10-page joint declaration that decried "increasing uncertainty in trade policies and tariff volatility" as "a challenge for the world economy".

With both sides hit by US tariffs and Europe seeking to reduce its dependency on China for rare earths, leaders committed to strengthen trade and diversify and secure global supply chains, with a specific reference to "strategic and critical minerals."

African nations clamouring for investments that generate local value and not just resource extraction won a pledge from Europe to support them to "develop, industrialise, diversify exports, and integrate into regional markets".

To that end, Brussels is betting on its Global Gateway initiative -- a massive infrastructure plan it hopes can counter China's growing influence.

Host Angola is home to one of the EU's signature undertakings: the Lobito corridor, a railway project funded in partnership with the United States to connect mineral-rich areas of the Democratic Republic of Congo and Zambia to the Atlantic coast.

"We now have something very concrete to offer. That's what we lacked in the past," said European Parliament Vice-President Younous Omarjee.

Europe was also promised help in tackling irregular migration and improving the return of failed asylum seekers to their country of origin -- a common gripe in much of the 27-nation EU.

And both parties called for an immediate cessation of hostilities in Sudan, condemning "the atrocities committed in El-Fasher", the town recently seized by the paramilitary Rapid Support Forces.

B.Clarke--ThChM