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EU seeks to deepen trade ties with Africa at summit in Angola
The EU aims to secure critical minerals and boost investment through its Global Gateway initiative, with Africa accounting for one-third of EU trade, officials said.
- On Tuesday, European Union leaders and African Union counterparts met at Luanda's new convention centre as the summit entered its final stage, pressing to deepen ties and address migration and critical minerals.
- Brussels is betting on its Global Gateway initiative to invest 150 billion by 2027, currently only 30 billion short, with the European Commission aiming to deepen African ties.
- Economic and resource statistics underscore Africa's strategic importance to Europe, with EU-Africa trade hitting 467 billion euros in 2023 and Africa holding 30 per cent of mineral reserves and 60 per cent of the world's best solar resources.
- A strong EU turnout was meant to signal intent, but flight troubles grounded Denmark's Mette Frederiksen, Luxembourg's Luc Frieden, and EU foreign policy chief Kaja Kallas, while about a dozen EU leaders flew in and others left early.
- Competition from China, the United States and Russia frames Europe's push for deeper ties as Africa becomes a battleground for critical minerals and energy after the G20 meeting in South Africa.
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47 Articles
Africa-EU summit seeks to reinvigorate ties
About 70 African and European leaders met in Angola on Monday for a summit where they committed to stronger trade ties, alignment on strategic minerals, and migration amid intensifying global competition for African partnerships. The meeting in Luanda, which came right after the G20 in South Africa, saw Europe trying to reassert its influence on the continent as Africa grows ever closer to China and expands ties with the Gulf and Türkiye.EU Comm…
·New York, United States
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Europe and Africa are negotiating in Angola on raw materials, security and the investment initiative Global Gateway. Can the European Union still score points in the race with China?
·Bonn, Germany
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Coverage Details
Total News Sources47
Leaning Left6Leaning Right2Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
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