A high-level panel discussion in Abidjan
has recommended that Cote d’Ivoire can greatly increase the benefits accruing
to it from trade with other African countries and transform the West Africa
region by increasing its sourcing of raw and industrial materials from Africa
to feed into its burgeoning light manufacturing sector.
The
panel, featuring former Nigerian President Olusegun Obasanjo; Jean Louis Ekra,
former President of the African Export-Import Bank (Afreximbank); Dr. Vaflahi
Meite, Executive Director, General Confederation of Enterprises of Côte
d'Ivoire; and Dr. George Elombi, Executive Vice President,
Governance, Legal and Corporate Services, Afreximbank, was organised on 6
September by Afreximbank as part of a stakeholder engagement event to
promote the Intra-African Trade Fair (IATF) scheduled to take place in Cairo
from 11 to 17 December.
The panellists highlighted the need for
Cote d’Ivoire to build up its capacity in ago-processing around edible oils in
order to improve its trade capacity.
Held under the theme, “Strategy to deepen Cote
d’Ivoire–Africa Trade”, the panel discussion looked at the key issues that need
to be addressed in order to increase Cote d’Ivoire-Africa trade.
Declaring
the session open, Alain-Richard Donwahi, Minister of Water and Forest of Cote
d’Ivoire, who stood in for Souleymane Diarassouba, the Minister of Trade,
Industry and Promotion of SMEs, expressed appreciation to Afreximbank for its
work in support of expansion of African trade and for organising the IATF.
The
minister announced that Cote D’Ivoire would take a country pavilion at the IATF
to showcase its trade, investment, tourism and cultural opportunities and
requested that the country be considered to host of the second edition of the
IATF.
Kanayo
Awani, Managing Director of the Intra- African Trade Initiative at Afreximbank,
told the audience that the IATF would support the emergence of a vibrant
private sector that would lead the process of structural transformation of the
African and Ivorian economies.
Also
speaking, Mr. Ekra explained that the IATF would gather over 1,000 exhibitors
and more than 70,000 visitors, made up of buyers and sellers from African and
non-African countries, and would result in the conclusion of approximatively
$25 billion in trade deals.
He
stated that Afreximbank was developing a trade information portal, which would
include a digital trade fair, that will allow buyers and sellers that are
unable to travel to Cairo to connect online and participate in the IATF. That
portal will remain active after the physical would have concluded.
In
a closing statement, Felix Anoble, Secretary General, Ministry of Trade,
Industry and Promotion of SME’s of Cote d’Ivoire, speaking on behalf of the
Minister, pledged the support of the government for the IATF and said that the
country was taking all necessary measures to ensure the effective participation
of all Ivorian economic operators
The
session was attended by 223 participants from the public and private sectors of
the francophone West African countries.
The IATF, organised by Afreximbank, in
collaboration with the African Union, and hosted by the Government of Egypt, is
scheduled to take place at the Egypt International Exhibition Centre in Cairo
and will provide a platform for sharing trade, investment and market
information. It will enable buyers and sellers, investors and countries to
meet, discuss and conclude business deals and will also provide an opportunity
for exhibitors to showcase their goods and services and engage in
business-to-business exchanges.
The
IATF is the first trade fair of its kind in Africa and has the Africa Trade
Policy Centre, Afrochampions Initiative; International Trade Centre; Pan
African Chamber of Commerce and Industry, International Trade Centre, Miami
Trade Centre; Ecport Development Authority, International Islamic Trade Finance
Corporation; and the Egyptian Ministry of Trade and Industry as partners.
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