Senior
officials and experts will meet to consider the future of African trade
in light of the emergence of mega-trading blocs which exclude more than
160 countries from regional trade negotiations.
The
meeting organised by the Commonwealth Secretariat in collaboration with
the International Institute for Sustainable Development will take place
in Nairobi from 26 to
27 May 2015.
Participants will look at ways to ensure the trade interests of African
countries are taken into account at global and regional levels.
The
advent of mega-trading blocs - the Trans-Pacific Partnership, the
Trans-Atlantic Trade and Investment Partnership and the Regional
Comprehensive Economic Partnership in Asia - has significant
implications for regions such as Sub-Saharan Africa, which, so far, has
been bypassed by negotiations.
Deodat
Maharaj, Deputy Secretary-General of the Commonwealth Secretariat,
described the conference as ‘essential’ to amplify the concerns and
interests of member countries excluded from key trade talks.
He
said: “The world economy has seen a seismic shift in the trading
environment with the rise of regional giants dominating the landscape.
More than 160 countries are excluded from these mega-regional
negotiations, including the entire Sub-Saharan Africa. The Commonwealth,
therefore, has taken a leading role in raising global awareness of the implications of mega-trading blocs for countries squeezed out of deals.
“With
the next World Trade Organisation conference to take place in Nairobi
later in the year, this meeting is both timely and essential to bring
together experts to advocate for the trade interests of excluded
countries. It will be an opportunity to ensure member states do not lose
out, and to find ways to boost trade in the region, vital for
sustainable economic growth.”
The
conference will provide a unique platform for policymakers,
standard-setting bodies, experts and researchers to assess the impact of
mega-trading blocs on Sub-Saharan Africa, share expertise and explore
strategic responses. The keynote address will be delivered by Dr Amina
Mohamed, Cabinet Secretary of the Kenyan Ministry of Foreign Affairs and
International Trade.
“These
mega-regionals could be major game-changers for world trade”, said
Mohammad Razzaque, Acting Director of the Commonwealth Secretariat’s
Trade Division.
Describing
the possible negative consequences the region could face, Dr Razzaque
added: “Sub-Saharan African countries could face greater competition in
their key export markets, while investment may be diverted when
countries cannot meet the stricter rules and standards introduced by
these major new agreements.”
The Commonwealth Secretariat will present the first draft of its
Policymakers Handbook on Regionalism and Mega-Trading Blocs
at the meeting. Outcomes of discussions will inform the Secretariat’s
ongoing programme of work to maximise the trading capacity of member
countries.