The European Business Council for Africa

Despite a truce, US-EU trade relations are still tense


As recently as a week ago, a big transatlantic bust-up seemed inevitable, with the annual meeting of the World Economic Forum at Davos in Switzerland the most likely boxing ring. America had taken offence at France’s digital-services tax, which hits the likes of Amazon, Facebook and Google, on the ground that it discriminates against American companies. The French had insisted that the tax was only a temporary measure and would be repealed as soon as governments were able to reach a multilateral agreement on tax reform. The Americans, unconvinced, were poised to whack duties on $2.4bn of French champagne, beauty products and handbags.

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Global investment flows flat in 2019, moderate increase expected in 2020

Foreign direct investment fell slightly from US$1.41 trillion in 2018 to $1.39 trillion in 2019. Flows to developed countries decreased by 6%, while those to developing economies were unchanged.

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America’s aggressive use of sanctions endangers the dollar’s reign

Its rivals and allies are both looking at other options

 

Ever since the dollar cemented its role as the world’s dominant currency in the 1950s, it has been clear that America’s position as the sole financial superpower gives it extraordinary influence over other countries’ economic destinies. But it is only under President Donald Trump that America has used its powers routinely and to their full extent, by engaging in financial warfare. The results have been awe-inspiring and shocking. They have in turn prompted other countries to seek to break free of American financial hegemony.

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Prospects for economic growth in 2020 hinge on reducing trades disputes and uncertainty, the UN finds

The United Nations’ flagship publication on expected trends in the global economy, the World Economic Situation and Prospects 2020, predicts that one in five countries will see per capita incomes stagnate or decline this year.

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America and China sign a trade deal

But it will be an uneasy truce

 

With his habit of announcing trade deals only for them to dissolve within weeks, President Donald Trump is a standing reminder that talk is cheap. But on January 15th he signed a phase one trade agreement with China alongside Liu He, the Chinese vice-premier, and published its contents for the world to see. The 86 pages set out the terms of a new economic relationship between these two giants. Alongside some welcome measures, there are some howlers—and glaring omissions.

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Why China’s assault on Cathay Pacific should scare all foreign firms

China can get its way in corporate boardrooms but hurts itself with its pressure tactics

 

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Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016, according to UNCTAD’s World Investment Report 2018. The decline is in stark contrast to other macroeconomic variables, which saw substantial improvement in 2017.
“Downward pressure on FDI and the slowdown in global value chains are a major concern for policymakers worldwide, and especially in developing countries,” UNCTAD Secretary-General Mukhisa Kituyi said.
“Investment in productive assets will be needed to achieve sustainable development in the poorest countries.”

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" Les investisseurs français en Afrique attendent d'Emmanuel Macron un vrai "virage africain"."

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By : Mr. Etienne Giros, Deputy Chairman of the CIAN.

Le Monde

 

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