Sunday, December 12, 2010

Africa's largest local organisations promoting African exports

According to the banner of Kenya 22 reports, including the COMESA, three regional organizations in Africa and the International Trade Centre in Geneva, the establishment of new strategic partnerships, to help improve the company's competitiveness in international markets, the promotion of exports.

These three major regional organisations including the COMESA, economic community of West African States and the economic community of Central African States. Known as "the establishment of the African trade capacity" of the project by Canada's International Development Agency (CIDA) funded a value of $ 20 million, the development of trade information network for African countries exporters.

The project will strengthen regional supply chain, promoting the company takes measures to improve the quality of goods. In addition, the project will strengthen the Chamber of Commerce, trade support institutions, and African company providing management and training support.

African trade in global trade in proportion from the 70s of 4 per cent to the current of about 3%. Analysts noted that affected by the global financial crisis, global trade and regional trade are dwarfed, African countries on the trade issue enhancing regional cooperation and regional integration is very important.

International Trade Centre is the United Nations in Geneva, UNCTAD and WTO jointly set up by the technical cooperation agency, whose mission is to support developing countries and countries with economies in transition to fully develop its trade and business potentials, the ultimate objective of achieving sustainable development.

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