The European Union’s unfair trade deals with Africa

2022-03-14 20:09:16

A recent European Union and African Union summit fell short on meeting some of Africa's key demands. The summit ended with the EU promising an investment package of 150 billion Euros for Africa.

However, this package was met with skepticism by South African president it clearly favored European countries.

Many in Africa say the continent needs to be treated as an equal partner by the EU and not a colonial era protectorate.

The EU is currently Africa’s largest trading partner, and Africa is the fastest growing continent on earth.

By 2050, Africa’s population of 1.3 billion is set to double, making up a quarter of the world’s total. Nigeria, the continent’s most populous nation, is set to double its population to 400 million by then, surpassing the United States to become the third largest nation in the world.

An inheritance of colonial extraction, trade within the continent currently languishes at 17 percent, compared to Europe’s 68 percent. In fact, Africa trades more with Europe than it does with itself.


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