Obtain brand
In addition they selected the inclusive choice of worth chains with the potential to stimulate financial improvement, create jobs and enhance competitiveness in West Africa. One other decision considerations the implementation of measures to enhance infrastructure and logistics providers within the area, with explicit emphasis on decreasing commerce obstacles, streamlining customs procedures and enhancing transport networks to facilitate commerce operations and make them extra environment friendly.
As well as, ECOWAS is requested to help its member states of their efforts to strengthen commerce and financial integration, and to supply technical help, coverage recommendation and capacity-building initiatives to assist them obtain their commerce and improvement aims. On the monetary entrance, the assembly opted to determine potential companions and donors to safe the required funding for initiatives, and to strengthen collaboration and help for varied tasks.
The identification of cost-effective actions whose implementation ought to maximize the effectivity of assets; collaboration with the East African commerce community to strengthen integration and help on a continental scale; and the cost by TPOs of their $5,300 registration charge following registration and account opening had been additionally among the many assembly’s resolutions.
When it comes to communication, it was determined to design logos to make sure larger visibility for the Community and its Initiatives; to develop a collaboration platform; and to create a weblog house on the Community’s web site, to publish related data and periodic press releases. Like the web site, this platform must be user-friendly and frequently up to date.
These varied communication media are meant to spotlight the Community’s actions, and achievements, with the goal of fostering synergy and enhancing communication and information sharing between Community members. With regard to commerce coverage, it was advised not solely to undertake mutual recognition certificates to cut back non-trade obstacles and facilitate transactions, but in addition to work with the related authorities to standardize and settle for these certificates in all ECOWAS member states. Members advisable the event of particular methods for precedence merchandise in every ECOWAS member state, to boost commerce alternatives, and the institution of platforms and initiatives to immediately hyperlink suppliers and consumers, with a view to facilitating commerce and market entry.
Different resolutions of the assembly embody the participation of Community members in worldwide conferences to amass data; the optimization of the price range to make sure environment friendly use of assets; definition and achievement of set aims; and group of quarterly conferences to evaluation progress, focus on challenges and plan future actions.
On behalf of the President of the ECOWAS Fee, Dr Omar Alieu Touray, and the Commissioner for Financial Affairs and Agriculture, Mrs Massandjé Touré-Litsé, the Director of Commerce, Kolawole Sofola, expressed his gratitude to the contributors for the adoption of those resolutions, whose environment friendly implementation ought to assist promote intra-regional commerce. He congratulated the brand new President and Vice-President of the ECOWAS Commerce Promotion Organizations Community for the interval 2024-2025, and wished them each success of their time period of workplace.
The brand new Chairman is Modou Mbene Gueye, Director Basic of the Senegalese Export Promotion Company, and the brand new Vice-Chairman is Ousainou Senghore, Director Basic of the Gambian Funding and Export Promotion Company.
Distributed by APO Group on behalf of Financial Neighborhood of West African States (ECOWAS).
