Joint Statement of the 2nd Trade Policy Dialogue between Canada and the African Union Commission
2024-11-08 22:07
Issued by: Canada All National News
Background:
On November 8, 2024, Canada and the African Union Commission (AUC) held the second installment of their Trade Policy Dialogue. The meeting aimed to strengthen the partnership between the two parties and advance shared trade objectives.
Participants:
The dialogue was co-chaired by the Canadian Minister of International Trade, Export Promotion, Small Business, and Economic Development, and the AUC Commissioner for Trade and Industry. Representatives from various government agencies, private sector organizations, and civil society groups also attended.
Key Outcomes:
The dialogue resulted in significant outcomes, including:
- Reinforcement of Partnership: Both sides reiterated their commitment to strengthening the Canada-AUC partnership and deepening trade and investment cooperation.
- Trade and Investment Promotion: The dialogue identified the need to promote trade and investment between Canada and Africa and explore new opportunities for collaboration.
- Capacity Building: Canada expressed its willingness to support capacity building initiatives in Africa, helping countries enhance their trade expertise and competitiveness.
- Trade Facilitation Measures: The parties discussed the importance of trade facilitation measures, such as reducing barriers to trade and improving customs procedures.
- Inclusive and Sustainable Trade: Emphasis was placed on promoting inclusive and sustainable trade that benefits the people and economies of both Canada and Africa.
- Gender Equality and Youth Engagement: The dialogue recognized the importance of gender equality and youth engagement in trade policy and called for further efforts in these areas.
Next Steps:
The parties agreed to continue their engagement through regular meetings and technical consultations. They also established a joint working group to follow up on the implementation of the dialogue’s outcomes.
Significance:
The 2nd Trade Policy Dialogue between Canada and the African Union Commission represents a significant step in strengthening the economic relationship between the two parties. It provides a platform for ongoing collaboration and cooperation on trade policy issues, with the potential to unlock new opportunities and drive growth in both Canada and Africa.
Joint Statement of the 2nd Trade Policy Dialogue between Canada and the African Union Commission
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