Ghana has signed communiques establishing diplomatic ties with Madagascar and Saint Lucia and has reached an investment protection agreement with Trinidad and Tobago. Minister Shirley Botchwey underscored the importance of intra-African trade and the African Free Trade Area, while also positioning Ghana for increased political influence in the Commonwealth.
Ghana has formalized its diplomatic relations with Madagascar and Saint Lucia through the signing of two communiques by Foreign Minister Shirley Botchwey. These agreements were made during brief ceremonies held coincident with the United Nations General Assembly on Tuesday. Ms. Botchwey signed the agreements with her counterparts, Ms. Rasata Rafaravavitafika from Madagascar and Mr. Alva Baptiste from Saint Lucia. The discussions among the ministers included the significant potential for intra-African trade. Ms. Rafaravavitafika indicated that Madagascar is poised to join the African Free Trade Area (AfCFTA) agreement next month, while Ghana has been an early signatory and is currently the host of the AfCFTA secretariat in Accra. In addition to establishing diplomatic ties, Ms. Botchwey and Dr. Amery Browne, Foreign Minister of Trinidad and Tobago, have signed an Agreement on the Reciprocal Promotion and Protection of Investment (ARPPI). Dr. Browne expressed his satisfaction with the signing, stating, “I’m delighted we could do this today,” while Ms. Botchwey affirmed, “Indeed, it is a great day.” This agreement is anticipated to enhance bilateral trade through mutual economic cooperation, respect for investor rights, and the prevention of unlawful expropriation. Although trade between Ghana and Trinidad and Tobago remains relatively modest, notable progress has been made as the Republic Bank of Trinidad and Tobago operates within Ghana, expanding its presence. Moreover, the ministers also engaged in discussions regarding the forthcoming Commonwealth Heads of Government Meeting (CHOGM), scheduled to take place in approximately four weeks in Samoa. Ms. Botchwey is recognized as a leading candidate for the position of Secretary-General of the Commonwealth, which will succeed Baroness Patricia Scotland of Dominica. Additionally, she conducted bilateral talks with Lord Collins, the British Under-Secretary of State for the Foreign, Commonwealth and Development Office, as well as with Mr. Joseph Andall, the foreign minister of Grenada.
The establishment of diplomatic relations is a critical step in fostering international relations and economic partnerships between nations. Ghana’s recent diplomatic engagements signal a proactive approach to enhancing its position within the African continent and beyond. As a significant player in African trade initiatives, including the African Free Trade Area, Ghana is keenly interested in expanding its trade relationships. The signing of investment protection agreements reflects a dedication to creating a conducive environment for foreign investments, solidifying Ghana’s attractiveness as a destination for international business. Such developments are crucial as countries continue to navigate the complexities of global trade and diplomacy in a post-pandemic world.
In summary, Ghana has successfully established diplomatic ties with Madagascar and Saint Lucia, marking a notable expansion of its international relations. The agreements signed are aimed at enhancing trade and investment protection, facilitating economic cooperation, and furthering Ghana’s role in the African Free Trade Area. With impending discussions concerning the Commonwealth Heads of Government Meeting and potential leadership within the Commonwealth, Ghana’s foreign relations efforts are of significant importance in promoting its national interests on a global scale.
Original Source: www.modernghana.com
