EU launches Africa plan: 10 million jobs

11/23/2018 7:16:33 AM

The European Union wants to form a new alliance with Africa, to deepen economic relations and boost investment and jobs. The EU Commission’s President, Jean-Claude Juncker, estimates that the proposal could help create up to 10 million jobs in Africa in the next five years. 

The ‘continent-to-continent’ free-trade agreement that the EC proposes, goes hand in hand with the call for 10,000 more guards to prevent Africans, and others migrants, from crossing Europe's borders. 

What does the EU proposal consist of? The EU wants to facilitate African students to study at European universities. It also intens to help African countries improve the climate for business and increased financial assistance. The EU plans to provide a total of $46 billion in grants over seven years from 2021. 

The BBC reports that Europe, which points out that already 36% of Africa's trade is with the EU, compared with just 16% to China, “is keen to exploit its geographical advantage in terms of proximity to the continent at the same time as it confronts the politically divisive issue of uncontrolled migration.” 

Further reading on bbc.co.uk 

 

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