The Africa-Europe Alliance is a coherent economic strategy for EU-Africa relations. It defines job creation as the key target and African and European investments as the main vehicle, focusing on areas with the greatest potential for jobs and added-value creation.
The Alliance was launched in 2018 to deliver on the commitments taken at the 5th African Union-EU Summit in Abidjan, calling for strengthened economic and trade relations, through sustainable investment and job creation.
The aim is to boost investments via actions along four interconnected strand, namely:
- Boosting strategic investment and strengthening the role of the private sector to create jobs
- Investing in people by investing in education and skills
- Strengthening business environment and investment climate
- Tapping the full potential of economic integration and trade
To support cooperation, four strategic sectoral Task Forces uniting African and European experts provide concrete recommendations in key areas.
Since its launch, Europe and Africa have entered a more dynamic and forward-looking partnership, one adapted to our new global reality. On 9 March 2020, the European Commission has adopted a new Joint Communication “Towards a Comprehensive Strategy with Africa” aiming at taking forward our partnership with Africa. The Africa-Europe Alliance has been translated in the economic pillar of the new Strategy.