(11 years, 5 months ago)
Lords ChamberThe noble Lord flags up an area that has caused some concern. One of the reasons why Africa has been particularly resilient in the last period is because of trade with China and other developing countries whereas trade with the EU and the US has been dropping off. There is clearly a benefit for Africa. It is important to try to convey to those who are involved in trade in Africa that it is in their long-term interests to follow the kind of rules referred to by the noble Lord.
My Lords, my noble friend the Minister commented on the half of the countries that depend on trade rather than aid. Can she comment on recent reports that there is a growing risk of piracy in the Gulf of Guinea and that there are more reports of piracy there than off the coast of Somalia? That, of course, is the massive trade route for all goods out of west Africa.
There are a number of challenges and my noble friend has referred to just one. There are many challenges in terms of trade out of Africa and within Africa. The international community and the African countries themselves are trying to take forward better inter-country trade and more effective trade out of Africa.