The Japan Times - EU, Africa pledge to boost trade, tackle migration at summit

EUR -
AED 4.202411
AFN 73.235002
ALL 93.9451
AMD 420.678057
ANG 2.048741
AOA 1049.890918
ARS 1708.312595
AUD 1.651213
AWG 2.062583
AZN 1.949836
BAM 1.955698
BBD 2.30538
BDT 141.132639
BGN 1.934858
BHD 0.431577
BIF 3404.622415
BMD 1.14429
BND 1.477123
BOB 7.926587
BRL 5.916437
BSD 1.14464
BTN 109.047312
BWP 15.438195
BYN 3.321027
BYR 22428.090154
BZD 2.30208
CAD 1.624836
CDF 2570.076459
CHF 0.916594
CLF 0.026912
CLP 1059.174754
CNY 7.768706
CNH 7.764588
COP 3848.999237
CRC 521.4728
CUC 1.14429
CUP 30.323693
CVE 110.259249
CZK 24.19568
DJF 203.829368
DKK 7.478628
DOP 67.806463
DZD 152.60404
EGP 56.395058
ERN 17.164355
ETB 183.546226
FJD 2.586612
FKP 0.856953
GBP 0.854554
GEL 3.015251
GGP 0.856953
GHS 13.003322
GIP 0.856953
GMD 82.965454
GNF 10038.476394
GTQ 8.735544
GYD 239.427511
HKD 8.976557
HNL 30.636402
HRK 7.538017
HTG 149.712191
HUF 353.483164
IDR 20590.817625
ILS 3.431327
IMP 0.856953
INR 108.954179
IQD 1499.42179
IRR 1574486.25789
ISK 144.089478
JEP 0.856953
JMD 181.200549
JOD 0.811347
JPY 184.648452
KES 148.00228
KGS 100.065561
KHR 4583.760912
KMF 493.189526
KPW 1029.861683
KRW 1749.36247
KWD 0.355062
KYD 0.95395
KZT 541.301766
LAK 25845.651894
LBP 102500.253599
LKR 383.390002
LRD 207.749164
LSL 18.566032
LTL 3.378792
LVL 0.69217
LYD 7.336617
MAD 10.704142
MDL 20.13395
MGA 4852.746881
MKD 61.631785
MMK 2402.876165
MNT 4099.016956
MOP 9.246518
MRU 45.681617
MUR 53.839292
MVR 17.691161
MWK 1984.896468
MXN 19.989726
MYR 4.65845
MZN 73.132026
NAD 18.566032
NGN 1567.769704
NIO 42.117803
NOK 11.261005
NPR 174.475899
NZD 2.003836
OMR 0.441357
PAB 1.14464
PEN 3.894897
PGK 5.028738
PHP 70.375043
PKR 318.231701
PLN 4.293435
PYG 6959.636986
QAR 4.184282
RON 5.227162
RSD 117.370878
RUB 88.095405
RWF 1675.712595
SAR 4.297696
SBD 9.22131
SCR 15.409196
SDG 687.15054
SEK 11.051625
SGD 1.477741
SHP 0.854328
SLE 27.863894
SLL 23995.199932
SOS 654.165879
SRD 42.986453
STD 23684.499186
STN 24.498722
SVC 10.015478
SYP 126.480809
SZL 18.563032
THB 38.133518
TJS 10.610547
TMT 4.016459
TND 3.378224
TOP 2.755177
TRY 53.515602
TTD 7.757595
TWD 36.546387
TZS 3005.843216
UAH 50.978341
UGX 4177.782087
USD 1.14429
UYU 46.037599
UZS 13712.284769
VES 731.090824
VND 30090.258096
VUV 136.092267
WST 3.173323
XAF 655.922787
XAG 0.018332
XAU 0.000274
XCD 3.092502
XCG 2.062892
XDR 0.815757
XOF 655.922787
XPF 119.331742
YER 271.254434
ZAR 18.573553
ZMK 10299.990075
ZMW 21.031903
ZWL 368.461014
  • CMSC

    0.0400

    21.99

    +0.18%

  • BCC

    0.4500

    75.93

    +0.59%

  • VOD

    0.1400

    13.15

    +1.06%

  • NGG

    2.6700

    82.85

    +3.22%

  • CMSD

    -0.0300

    22.15

    -0.14%

  • RBGPF

    2.5400

    68.15

    +3.73%

  • RIO

    1.0700

    94.42

    +1.13%

  • RELX

    0.5500

    31.93

    +1.72%

  • JRI

    0.0600

    13

    +0.46%

  • GSK

    2.3600

    53.66

    +4.4%

  • BCE

    0.4000

    21.42

    +1.87%

  • AZN

    11.2900

    195.15

    +5.79%

  • RYCEF

    0.5400

    19.68

    +2.74%

  • BTI

    1.2100

    61.77

    +1.96%

  • BP

    1.2500

    37.4

    +3.34%

EU, Africa pledge to boost trade, tackle migration at summit
EU, Africa pledge to boost trade, tackle migration at summit / Photo: Ludovic MARIN - 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.

M.Matsumoto--JT