Fri. Oct 18th, 2024

The European Parliament on Thursday backed a report advocating the use of trade policy to equalize relations between African countries and the European Union.

“For too long, Africa has been reduced to a supplier of raw materials, with the result that the continent’s immense economic potential remains untapped,” Kathleen Van Brempt, a Belgian Social Democrat member of the European Parliament, said in a statement.

The 27-country bloc should focus on five strategic areas as set out in the report, according to fellow Belgian MEP Saskia Bricmont of the Green Party: efficient infrastructure, food security, civil society, fair-trade agreements and sustainable economic development.

Trade still linked to colonial era

In the European Parliament report on the future of African trade relations, one major issue highlighted is how the majority of goods imported into the EU from Africa are cheaper primary goods such as food, drink and energy, while the EU ships mostly higher-value manufactured items the other direction, such as machinery and pharmaceutical products.

“Due to the continued direction of trade from colonial times, wealth is being transferred continuously from the African periphery to the industrialized and increasingly digitized centers,” the report states.

The EU therefore ought to share more of its technical knowledge with Africa to encourage on-the-ground manufacturing, Van Brempt told journalists in a briefing.

Countering Chinese, Russian influence

As well as mutual commercial benefits in areas of strategic importance, like the supply of hydrogen for green energy, Van Brempt said overhauled trade ties could help bring Africa back to the EU. Chinese and Russian investment has been booming in Africa in recent years.

“On China, for sure the advantage that we have right now is that I think a lot of African countries, not all of them, but a lot of African countries have had negative experiences the last couple of years with Chinese investments,” Van Brempt said. Many are now having to pay back loans from Beijing in an “indecent way,” she added.