Sunday, January 23, 2022
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Desiderio Consultants Ltd. is a think tank and a network of independent professional international development consultants established to promote and influence customs & trade-related policies in African nations to achieve trade facilitation reforms aimed at improving international and regional trade
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Africa highly dependent on foreign networks for internet data exchanges

The UNCTAD Digital Economy Report 2021 points out the dependence of Africa on foreign networks for data exchanges under internet communication protocols.

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From the UN an appeal to increased coordination of response measures to pandemics and other crisis

COVID-19 has brought significant disruption to international trade and supply chains, with various countries massively relying on ad-hoc, unilateral measures in response to the pandemic crisis. Irrespective from the restrictive or facilitating nature of these measures, they have all been characterized by lack of coordination with each other. In this regard, multilateral trade rules and most of existing regional trade agreements (RTAs) offer an opportunity for increased coordination of such measures, as they contain provisions establishing mechanisms aimed at encouraging greater coordination of trade policies, public dialogue and concerted approach to decision making processes. This is also the case of the AfCFTA.

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MANSA: a continental platform for assessing the reliability of African businesses

One of the main challenges that African economic operators face when engaging with potential business partners in the continent is the need to verify the identity of their counterparts and assess their level of reliability before entering into business negotiations or in a partnership. Some African countries offer today specific tools for conducting background checks aimed at assessing the reliability of potential trading partners in other States, to minimize cases of frauds in international transactions.

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The Pan African Payment and Settlement System (PAPSS) goes online

The Pan African Payment and Settlement System (PAPSS) developed by Afreximbank is a centralized payment, clearing and settlement system for intra-African trade payments that was adopted as the payment and settlement system to support the implementation of the African Continental Free Trade Area (AfCFTA) during the 12th Extraordinary Session of the Assembly of the AU held in Niamey, Niger in July 2018 (Assembly/AU/Dec.1(XII)).

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Four African countries posed to exit from the LDC category

Least developed countries (LDCs) are low-income countries facing severe structural impediments to sustainable development. Being highly vulnerable to economic and environmental shocks and having low levels of human assets, they are granted with exclusive access to certain international support measures, in particular in the areas of development assistance and trade.

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