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Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group - Sustainable Trade Africa Conference - UAE Trade Center, 6 December 2023

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, public finances and debt, trade, fragmentation and geopolitics, development and emerging economies

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· Akinwumi Adesina Wiki · African Development Bank Group WikiRemarks by Dr. Akinwumi A. Adesina President, African Development Bank Group - Sustainable Trade Africa Conference - UAE Trade Center, 6 December 2023

ContextRemarks at the Sustainable Trade Africa Conference at the UAE Trade Center during COP28 in Dubai; the African Development Bank finances Africa's development and promotes trade.

Why it mattersAdesina warns that the EU carbon border tax could hurt African exports.

Problems raised
  1. Africa must compete better in global value chains.
  2. The EU carbon border tax threatens African exports.
  3. Industrial platforms are underdeveloped.
Solutions proposed
  1. Build competitive industrial platforms.
  2. Prepare exports for carbon border rules.
  3. Promote sustainable trade.
Read full speech on afdb.org ↗

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