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Far and Wide | February 2024 (II)

This week’s headline features a story from South America; India hopes to conclude the FTA at the earliest as the South American country has large deposits of lithium.

Europe: The Council and the European Parliament reached a provisional deal on the regulation establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem, better known as the ‘net-zero industry act’ (NZIA). 
North America: High-powered EV charging network IONNA has recently received regulatory approvals in North America, thereby officially commencing its business operations. The network plans to deploy at least 30,000 chargers in the region, with the first charging stations expected to open in the U.S. this year, followed by Canada.
South America: India will resume trade talks with Peru in February 2024, after a long gap hoping that a free trade agreement will conclude in the next few rounds of discussions
Asia: Sri Lankan President Ranil Wickremesinghe announced that steps have been taken to enhance the free trade agreement (FTA) with India. He also announced that plans are underway to pursue FTAs with China, Indonesia and Bangladesh in the future.
Australia: Utilising AI voice technology to exceed Australian customer demands. A global Accenture survey involving 25,000 consumers revealed a striking insight: about two-thirds believe that companies are not adapting quickly enough to their changing needs. In an era where social media reigns as a preferred contact method, call data often lies neglected.  However, utilising AI voice intelligence can transform these interactions into personalised services that truly resonate with what customers want.
Africa: South Africa inaugurated the country's first trade shipment under the African Continental Free Trade Area (AfCFTA). "This shipment demonstrates that the AfCFTA is a reality. We are in the port city of eThekwini taking forward the dream of an ever larger and ever stronger Africa," Ramaphosa said when launching the shipment.

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