EYEAFRICA TV: Dakar, SENEGAL: The Commission of the West African Economic and Monetary Union –WAEMU-, the International Trade Center -ITC-,Trade Promotion Agencies –OPC- and The Regional Network of UEMOA UCIs has launched a regional trade promotion network.
The network is established to strengthen, at regional level, inter-agency cooperation in support of development and trade promotion by facilitating the exchange of information and good practice. It also promotes Member States’ awareness of the reduction of non-tariff barriers to trade and the promotion and diversification of the supply base of exportable products.
The network of UCIs is part of the EU-funded Competitiveness and Regional Integration (PACCIR) project, funded by the European Union (EU) of 2 billion FCFA (€ 3 million). PACCIR aims to promote trade and facilitate intraregional and interregional trade for the accelerated and sustainable integration of West Africa into the global economy.
The resident representative of the UEMOA Commission in Senegal, Dossolo Diarra said, “The new challenges facing the global market call for new approaches and innovative mechanisms to facilitate the exchange of information and expertise. In this context, UEMOA intends to place UCIs at the heart of the institutional arrangements for supporting development and the promotion of foreign trade, since they have the mandate to support these efforts.”
Mr Clemens Schroeter, Head of the Section in charge of Economy, Trade and Governance at the EU Delegation in Senegal, said combining efforts and resources by fostering synergies at regional level will make it possible to reinforce the promotion of the exportable supply of goods and services of the zone UEMOA as well as the business opportunities to the different economic zones of Africa and the rest of the world.
The ITC representative, Ben Mohamed Imamo, Senior Program Officer, stressed that the network will develop trade links within the region and with other regions of the world. The members of the network will be able to pool their resources to implement promotional activities to promote the internationalization of companies.
On the occasion of the launching workshop, OPCs will benefit from training in the collection of commercial information and the digitization of online products in order to update and update the regional commercial information portal as well as the Line, being created under the PACCIR.
ITC is a long-standing partner of the WAEMU Commission. It supports the regional integration process in West Africa by strengthening trade promotion and trade facilitation capacities. In addition, ITC supports the integration of the region’s companies into high-potential value chains.
About the West African Economic and Monetary Union (WAEMU):
The West African Economic and Monetary Community is an intergovernmental organization established in 1994. Its role is to strengthen the competitiveness of Member States’ economic and financial activities; ensure the convergence of Member States’ economic performance and policies; create a common market between the Member States; to coordinate national sectoral policies, particularly in the fields of human resources, regional planning, agriculture, energy, industry, mining, transport, infrastructure and telecommunications and harmonize the laws of the Member States.