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Canada risks missing out on Africa’s trade boom under Mark Carney

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wednesday

At the G20 summit in South Africa in November, Prime Minister Mark Carney announced several new initiatives, including talks toward a Foreign Investment Promotion and Protection Agreement (FIPA) with South Africa.

But when asked about prioritizing Africa’s economic opportunities for Canada, Carney said Africa is not among his government’s early priorities because other regions offered “the most immediate return.” That remark was at odds with what many Canadians and African partners have been urging Canadian officials to do: treat Africa as a core partner in Canada’s economic diversification plan, diplomatic and geopolitical future.

Read more: Why Canada must seize the moment and launch its long-awaited Africa strategy

Shortly after Carney’s remarks, in December, the Senate’s Standing Committee on Foreign Affairs and International Trade released a landmark report entitled Canada–Africa: Seizing a Strategic Opportunity. It urged the federal government to engage Africa now with resources, ambition and a concrete action plan or risk being left behind.

Together, these two developments reveal a central tension shaping Canada’s Africa policy at the moment — and precisely when Africa’s global standing is rising.

Africa’s demographic and economic trajectory is unmistakable. The continent’s working-age population is expanding faster than any other region,

© The Conversation