Company News

• About the African Union

  2023 / 02 / 26

  The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent. It was officially launched in 2002 as a successor to the Organisation of African Unity (OAU, 1963-1999). History: In May 1963, 32 Heads of independent African States met in Addis Ababa Ethiopia to sign the Charter creating Africa`s first post-independence continental institution, The Organisation of African Unity (OAU). The OAU was the manifestation of the pan-African vision for an Africa that was united, free and in control of its own destiny and this was solemnised in the OAU Charter in which the founding fathers recognised that freedom, equality, justice and dignity were essential objectives for the achievement of the legitimate aspirations of the African peoples and that there was a need to promote understanding among Africa`s peoples and foster cooperation among African states in response to the aspirations of Africans for brother-hood and solidarity, in a larger unity transcending ethnic and national Differences. The guiding philosophy was that of Pan-Africanism which centred on African socialism and promoted African unity, the communal characteristic and practices of African communities, and a drive to embrace Africa`s culture and common heritage. Read the speeches from the 1st OAU Summit in 1963 The main objectives of the OAU were to rid the continent of the remaining vestiges of colonisation and apartheid; to promote unity and solidarity amongst African States; to coordinate and intensify cooperation for development; to safeguard the sovereignty and territorial integrity of Member States and to promote international cooperation. The OAU Charter spelled out the purpose of the Organisation namely: To promote the unity and solidarity of the African States; To coordinate and intensify their cooperation and efforts to achieve a better life for the pe

• RCEP,Regional Comprehensive Economic Partnership

  2022 / 01 / 01

  Regional Comprehensive Economic Partnership (RCEP) agreement to enter into force on 1 January 2022 What Is the Regional Comprehensive Economic Partnership (RCEP)? The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) that will create the world's largest trading bloc and mark a significant achievement for China as it battles the U.S. for influence and economic supremacy in the Asia-Pacific region. The Regional Comprehensive Economic Partnership is a free trade agreement among the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The 15 member countries account for about 30% of the world's population and 30% of global GDP, making it the largest trade bloc in history. It is the first free trade agreement among the East Asian China, Japan, and South Korea, three of the four largest economies in Asia. As of 3 December 2021, six of the ten ASEAN and all five of the non-ASEAN signatories have deposited their instruments of RCEP ratification with the Secretary-General of ASEAN. The trade pact is projected to enter force on 1 January 2022. RCEP covers a market of 2.2 billion people and $26.2 trillion of global output. The partnership will create a trade

• ThyssenKrupp Dongyang Elevators

  2018 / 05 / 12

  ThyssenKrupp Dongyang Elevator was the merging brand between Dong Yang and thyssenkrupp. It was formed in October 2003 when thyssenkrupp bought Dong Yang elevator. The brand was renamed in August 2008 into thyssenkrupp Elevator (Korea) Ltd. Founded 2003 Preceded by Dong Yang Succeeded by thyssenkrupp Elevator (Korea) Ltd. Year October 2003 to August 2008