7th ECOWAS Trade Fair launched In Takoradi

Nii Pix 1The Seventh Economic Community of West African States (ECOWAS) Trade Fair has been launched in Takoradi in the Western Region with the theme, ‘Regional integration through trade.

The fair, which is under the auspices of the Ministry of Trade and Industry, will be held from October 24 to November 4, 2013, at the Ghana International Trade Fair Centre in Accra.

It is expected to attract products, goods and services originating from member states including Nigeria, Togo, Burkina Faso and Ghana.

The objectives of ECOWAS Trade Fair, among others, are to promote the development of trade among ECOWAS member states, to stimulate increased production of goods and services in the community and to facilitate free movement of people, goods and services within the sub-region.

Launching the fair here on Tuesday, the Deputy Minister of Trade and Industry, Nii Lante Vanderpuije, noted that trade among member states would strengthen their bargaining power on the continent.

“Trade within the sub region would be better than going across the ocean because trade in the well industrialised states come with so many strings that push poor states away,” he said.

Intra sub-regional trade, the Deputy Minister said had a potential of raising the revenue base of African countries from the current 12 per cent to 28 per cent annually.

Additionally, he said trading within the ECOWAS countries would flourish better and would be sustained, citing Kasapreko and Rlg as Ghanaians companies which had excelled in Nigeria.

Nii Lante Vanderpuye said countries in West African are lagging behind in terms of development due to trade barriers which hinder growth.

He said trade liberalisation within the ECOWAS sub-region would promote trade and provide a common market that would create wealth and jobs for the youth.

He said the government would make the Western Region a hub of industrialisation, while creating mechanisms for the clearing of goods at the ports within 12 hours. – Peter Gbambila, Takoradi

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