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Https://www.trade.gov/country-commercial-guides/democratic-republic-congo-trade-agreements
Democratic Republic of the Congo - Trade Agreements
Last published date: 2024-03-14
The DRC has bilateral trade agreements with over 50 countries and belongs to several international and regional trade organizations, including: the World Trade Organization (WTO), the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA),the Economic Community of Central African States (ECCAS), the Nile Basin Initiative (NBI), the Economic Community of the Great Lakes Countries (ECGLC), the Organization for harmonization of the business law in Africa (OHADA), and the East African Community (EAC).
In March 2021, economic, commercial, and technical cooperation agreements between the DRC and Qatar were signed to guarantee the security and protection of massive investments. These agreements provide for the modernization and development of airport and port infrastructure as well as capacity building for Congolese sectoral experts. In June 2021, the DRC and Namibia were discussing the formalization of a trade agreement on the supply of horse mackerel fish. The DRC and Rwanda have signed three bilateral trade agreements. The first concerns traceability in gold mining. The second agreement concerns a convention for “the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes and income,” and the last covers “the promotion and protection of investments.” In October 2021, the DRC and Angola signed a trade agreement, including taxation, customs, transport, and an agreement for oil exploitation in common interest in September 2021. The DRC and Zambia signed a bilateral trade agreement in September 2021 as part of the improvement and development of their cross-border trade, including advancing the implementation of the MOU on the issue of importing maize and maize meal.
In February 2022, the DRC deposited its instrument of ratification and became the 42nd country to ratify the continent-wide African Continental Free Trade Agreement (AfCFTA). The DRC signed AfCFTA in March 2018 and the National Assembly approved the treaty in April 2021. The agreement aims to facilitate imports and exports among member countries with reduced or zero tariffs, free market access and market information, and the elimination of trade barriers. In April 2022, the DRC joined the East African Community (EAC), depositing the instruments of ratification of accession to the EAC treaty with the bloc’s secretariat in July 2022. The GDRC has made efforts to harmonize its system with these regional bodies.
Excellent day on the markets today. Almost 20m shares traded at at VWAP of 3.45p. Healthy amount changed hands as recent traders jumped off the WSG train. UK trade delegation confirmed in DRC this week with our financeers UKEF present. Once it's all signed and done SP should be well north of 6p IMV. I anticipate another MSC will follow in short order, hopefully a double figure SP heading into H2. The tide is well and truly turning and sentiment is with us once again. The perfect storm for a rerate. GLA and may our patience be well rewarded
Also worth noting that any Capex we have in DRC is absolute chicken feed to the likes of UKEF who operate in billions so really don't see any issue. There will be no equity raise until at least double digits and only then for a little bit of grease to make some bigger moves.
Fingers crossed you are correct.
I could use some luck
Seems like a nailed on RNS this week with the UK trade delegation in Kinshasa 10th/11th April
They will want a nice win and photoshoot for the hosts and UK companies and WSG fits the bill. It is extremely telling UK Export Finance are there too.
I predict...
Deal RNS this week
Rough idea of numbers
80% funded by UKEF, 20% by bank loan. So all debt and no equity
A wink and a nod to more near term deals
Lots of PR from the company and Peter
Price to 6p+, tracking up to double digits over the rest of the month
Think they’ve filled a big order and it shot upto 3.95 at close after that sale ,interesting
That's a very odd buy,
100k for 3.2 then a moment later 100k for 3.95, before a quick sale that brings us back down...
Not even a late report from this morning.
Would not be surprised to see this open at 4p or get there pretty quickly tomorrow
I'm pretty sure that 4p is nailed on tomorrow. bed wetters sold today with the retrace. News is so close.
Ummm wonder if that was just a blip... odd
Could be well above 4p on Friday if deal is signed tomorrow or Thursday!
Another 20% day tomorrow and might get close to breaking 4p by Friday :)
Https://www.export.org.uk/insights/features/how-the-uks-credit-agency-will-help-turn-us-into-an-exporting-superpower-by-pms-trade-envoy/
More information on UKEF and Popat
Good to see UKEF there.
When Lord Popat went to uganda they splashed £2.5billion
It seems a given that Uk Export Finance is going to provide the vast majority of the capex here as Peter Fowler has previously stated.
Properly game on then.
Excellent.
Merci beaucoup!
Ian B,
May well be,.. but those are the latest fiogures that I could find on line... if you have more up to date info,.please share and I can update.
Best
.. interesting your thoughts on timing,...I've been searching for info on UK Envoy visit to DRC.. but come up with nothing and can't find anything as to your ref regarding 17th. Any links or hints!!!
UK trade delegation in DRC tomorrow?
Take your places at the table now.
https://x.com/ukindrc/status/1777702896684999156?s=46
The present scenario reminds me of a previous one,many years ago, when multiple contracts awaiting to be signed, I believe multiple year ones, said to be worth $100s millions over their term. Then there was the ship they bought, that was damaged or hit something.
I hope all the hype comes to fruition and the share price continues to rise but I would like to see the contracts land and then total operating costs contained and no fresh surprises from the DRC contracts!
Yes, losses reduced and operating costs reduced but let's see financial results showing operating profit and some retained profits, strengthening the balance sheet.
I do hope the company lands the pot of gold at the end of the rainbow but I personally would like to see the management turn what might be, into reality with the financial results in the future.
Excellent Mike, thank you
That was for N'djili Airport
Hi mike only had a quick look but the main DRC airport pax was 770k in 2014. Now around 1mil but capacity for 2m. New terminal takes it to 3mil. As i say only time for a 5 min look but those were initial findings.
I think your figures are 10 years out of date. Might be wrong.
After your information, KAT can do multi-bags.