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

USD -
AED 3.672496
AFN 65.999806
ALL 80.065663
AMD 364.508186
ANG 1.789783
AOA 917.00022
ARS 1494.993551
AUD 1.414697
AWG 1.8
AZN 1.701613
BAM 1.689756
BBD 2.014385
BDT 122.018757
BGN 1.696366
BHD 0.377122
BIF 2988.381635
BMD 1
BND 1.277847
BOB 11.57636
BRL 5.2128
BSD 1.000151
BTN 95.647328
BWP 13.500659
BYN 3.042032
BYR 19600
BZD 2.011491
CAD 1.38791
CDF 2270.000115
CHF 0.810845
CLF 0.023463
CLP 923.440076
CNY 6.743299
CNH 6.741275
COP 3104.88
CRC 449.263467
CUC 1
CUP 26.5
CVE 95.26422
CZK 20.87201
DJF 178.102253
DKK 6.44984
DOP 58.749838
DZD 132.909333
EGP 50.536797
ERN 15
ETB 161.789969
EUR 0.86277
FJD 2.210497
FKP 0.738395
GBP 0.738265
GEL 2.605005
GGP 0.738395
GHS 11.051977
GIP 0.738395
GMD 73.999672
GNF 8785.692687
GTQ 7.628839
GYD 209.246268
HKD 7.84389
HNL 26.815845
HRK 6.501403
HTG 130.826022
HUF 315.642037
IDR 17830
ILS 2.99085
IMP 0.738395
INR 95.707199
IQD 1310.230424
IRR 1374575.000079
ISK 122.690146
JEP 0.738395
JMD 158.034569
JOD 0.709008
JPY 159.236503
KES 129.4971
KGS 87.449576
KHR 4046.085458
KMF 426.000436
KPW 900.000294
KRW 1397.419776
KWD 0.30879
KYD 0.83347
KZT 461.929241
LAK 22540.358638
LBP 89562.572897
LKR 331.975446
LRD 181.52836
LSL 16.225328
LTL 2.95274
LVL 0.60489
LYD 6.372767
MAD 9.292836
MDL 17.252581
MGA 4307.838521
MKD 53.155873
MMK 2099.245957
MNT 3597.150887
MOP 8.080143
MRU 40.111452
MUR 46.979692
MVR 15.45959
MWK 1734.310807
MXN 17.05922
MYR 4.063021
MZN 63.904984
NAD 16.225258
NGN 1350.239844
NIO 36.798687
NOK 9.401945
NPR 153.035552
NZD 1.703305
OMR 0.3845
PAB 1.000134
PEN 3.368483
PGK 4.494363
PHP 61.827039
PKR 277.569951
PLN 3.732885
PYG 6034.084282
QAR 3.655881
RON 4.523599
RSD 101.201289
RUB 84.90037
RWF 1473.727865
SAR 3.746587
SBD 8.025811
SCR 13.860891
SDG 601.474966
SEK 9.52765
SGD 1.276725
SHP 0.740866
SLE 24.649879
SLL 20969.499227
SOS 571.623589
SRD 37.966977
STD 20697.981008
STN 21.167221
SVC 8.751096
SYP 13001.999906
SZL 16.213578
THB 33.127958
TJS 9.241263
TMT 3.5
TND 2.929025
TOP 2.40776
TRY 47.931603
TTD 6.782238
TWD 31.901398
TZS 2647.976038
UAH 44.802989
UGX 3730.646945
UYU 40.347315
UZS 11821.830168
VES 771.57685
VND 26178
VUV 118.215486
WST 2.715898
XAF 566.748027
XAG 0.015938
XAU 0.00023
XCD 2.70255
XCG 1.802528
XDR 0.707052
XOF 566.738234
XPF 103.038184
YER 237.10406
ZAR 16.25505
ZMK 9001.202246
ZMW 18.677668
ZWL 321.999592
  • CMSC

    -0.1200

    21.24

    -0.56%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • RBGPF

    0.3500

    69

    +0.51%

  • NGG

    0.8600

    82.15

    +1.05%

  • RELX

    0.9500

    34.51

    +2.75%

  • BTI

    0.6500

    56.38

    +1.15%

  • GSK

    0.8700

    51.15

    +1.7%

  • BCE

    0.0100

    23.36

    +0.04%

  • RIO

    -0.5200

    96.69

    -0.54%

  • AZN

    3.2100

    160.1

    +2%

  • BCC

    -1.7600

    80.18

    -2.2%

  • BP

    0.5600

    43.41

    +1.29%

  • JRI

    -0.0400

    12.44

    -0.32%

  • RYCEF

    -0.2500

    20.81

    -1.2%

  • VOD

    -0.0700

    16.13

    -0.43%

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