Lomé hosts the 4th board meeting of the regional consular chamber of WAEMU

Economic governance
Tuesday, 08 November 2022 12:57
Lomé hosts the 4th board meeting of the regional consular chamber of WAEMU

(Togo First) - The Regional Consular Chamber of the West African Economic and Monetary Union (CCR-UEMOA) opened its fourth board meeting yesterday, November 7, 2022, in Lome. The launching ceremony was chaired by Togo’s Trade Minister, Kodjo Adedze.

During the meeting, participants will assess the development process of the Union’s economies. Another goal is to boost the capacities of economic actors, make them more competitive, and help them take advantage of the African Continental Free Trade Area (AfCFTA).

"The importance of the private sector is increasingly evident today. Indeed, this sector provides more than 70% of jobs in developing countries in general, and more particularly in the States of the Union," said Kodjo Adedze.

Moreover, the statutory meeting will help the CCR-UEMOA’s board prepare for its general assembly, scheduled for next month in Cotonou, Benin. On this occasion, concerned stakeholders will find appropriate strategies to make the West African private sector more resilient to external shocks and crises. "The Private sector can only be strong or can only develop in a healthy environment where competition rules are as clear as anywhere else and where policies are supporting the community, especially to help businesses that are in the region develop,” said the President of the CCR-UEMOA, Daouda Coulibaly. 

We have fairly weak companies in the sub-region and therefore they should be given a little more dynamism so that they can position themselves against other foreign competitors," commented Nathalie Bitho, acting president of Togo’s Chamber of Commerce and Industry. 

The CCR-UEMOA has its headquarters in Togo.

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