By George Mgbeleke<\/p>\r\n\r\n\r\n\r\n
The Africa Union (AU), the 54-member continental body has been identified as having a pivotal role to play in the consolidation and deepening of trade and investment flow between Korea and Africa\u00a0 It also can\u00a0<\/p>\r\n\r\n\r\n\r\n
ensure sustainability of resolutions and commitments of the Korea Africa Summit 2024.\u00a0<\/p>\r\n\r\n\r\n\r\n
The Africa Korea Economic Development Association (AKEDA) Nigeria chapter canvassed this position in its pre-summit assessment contained in press release\u00a0<\/p>\r\n\r\n\r\n\r\n
signed by the chairman, Yuccee Uwah in Abuja on Tuesday, May 21, 2024.\u00a0<\/p>\r\n\r\n\r\n\r\n
The group noted that AU has a significant role to play in sustaining the momentum raised by the ongoing partnership between Korea and Africa, which will culminate in the first Korea Africa Summit 2024.\u00a0<\/p>\r\n\r\n\r\n\r\n
This is a historic opportunity for Korea and Africa to nurture and consolidate sustainable partnership based on shared vision for a prosperous Africa which\u00a0<\/p>\r\n\r\n\r\n\r\n
thrives on industrialisation, technology, and investment that mutually benefits both Africa and Korea.\u00a0<\/p>\r\n\r\n\r\n\r\n
African Union as the lead continental organisation that unites 54 member-nations with history of focused leadership, capacity, and capability to rally Africa as one indivisible unit, it has huge role to play in ensuring that the resolutions and\u00a0<\/p>\r\n\r\n\r\n\r\n
commitments by Korea Africa Summit are implemented by the parties through a continental moderated framework.\u00a0<\/p>\r\n\r\n\r\n\r\n
AKEDa believes that through this will further boost trade and investment, industrialization, and inclusive development across the continent. AU in our view,\u00a0<\/p>\r\n\r\n\r\n\r\n
needs to facilitate continuous inflow of investment and capitals from Korea to Africa and Africa\u2019s investment in Korea through a symbiotic trade and investment corridors that benefits all parties.\u00a0<\/p>\r\n\r\n\r\n\r\n
AU leveraging its convening power needs to continuously negotiate with Korea on behalf of Africa on trade and investment with a view to harmonize trade regulations and requirements including tariff, taxes, and related matters.<\/p>\r\n\r\n\r\n\r\n
he African Union is expected to lead its member states to first Korea Africa\u00a0<\/p>\r\n\r\n\r\n\r\n
Summit scheduled for June 4 to 5 2024 in Seoul, Korea, with several multilateral agencies, regional development banks, and international community are also expected to participate.\u00a0<\/p>\r\n\r\n\r\n\r\n
The summit is being organized by the government of Korea as part its ongoing effort to nurture evolving strategic engagement and partnership with Africa as key ally as both seeks new frontiers for trade and investment, sustainable development, and shared prosperity.<\/p>\r\n\r\n\r\n\r\n
The momentum needs to be maintained as Korea and Africa prepare for a great future based on shared vision of advancing shared prosperity andcommon good for its citizens.\u00a0<\/p>\r\n\r\n\r\n\r\n
Korea has over 60 years\u2019 experience growing its economy from the bootstrap to become an industrialized medium power, which continues to provide leadership in manufacturing, technology, maritime, infrastructure, agriculture, among others.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"
By George Mgbeleke The Africa Union (AU), the 54-member continental body has been identified as having a pivotal role to play in the consolidation and deepening of trade and investment flow between Korea and Africa\u00a0 It also can\u00a0 ensure sustainability of resolutions and commitments of the Korea Africa Summit 2024.\u00a0 The Africa Korea Economic Development […]<\/p>\n","protected":false},"author":2,"featured_media":82,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[44,45,43,46,47],"class_list":["post-78","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","tag-africa-union","tag-au","tag-korea","tag-summit","tag-trade-and-investment"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":2,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":81,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/78\/revisions\/81"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/82"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}