As the UK’s departure from the European Union is in sight, there is now a unique opportunity to deepen our economic co-operation with Africa through trade, investment and technology than can boost growth and lift millions of people out of poverty on the continent.
Unlike other major economies such as the US, China, Japan, Germany, India, France and Turkey, the UK has never had a shared medium-term economic partnership framework with Africa. That is holding back two-way business investment and trade: Africa’s trade with the UK was no higher in 2018 than in 2008. This needs to change.
As African Heads of State and business leaders convene in London on the 20th of January for the first ever UK-Africa Investment Summit, the APPG Trade out of Poverty (APPG TOP), and the Overseas Development Institute (ODI), is encouraging the UK government to engage them on a proposal for a joint UK-Africa Prosperity Commission.
The new Commission would chart out the opportunities and future directions for a dynamic, new comprehensive economic partnership between the UK and African countries covering the inter-linked dimensions of trade, investment, aid and technology for the next decade.
It would allow the UK to shape a shared prosperity agenda collaboratively with our African partners and business communities. This two-way relationship is what Africa wants most of all, and a joint commission would distinguish the UK’s approach from that of the US, EU, Germany, Japan, France and other industrialized nations.
To read the the concept note and outline of our proposal for a new joint UK-Africa Prosperity Commission, please click here.