Togo validates local consumption promotion strategy

Economic governance
Friday, 15 January 2021 11:26
Togo validates local consumption promotion strategy

(Togo First) - Yesterday, the workshop to validate the national strategy to promote local consumption in Togo came to an end. The two-day meeting was organized by the Ministry of Trade, Industry, and Local Consumption. 

The strategy, ordered by the ministry, was elaborated with support (technical and financial) from the European Union (EU). It focuses on boosting investments in key sectors (like agriculture), in partnership with the private sector. 

Moumouni Ouro-Salim, who provided consulting services for the document’s elaboration, said it should add value to local products, cut reliance on imports, boost employment, and foster decentralization. 

In the long run, the new local consumption strategy should stimulate economic development, by boosting the market shares of local producers. 

The initiative falls under Togo’s national development plan and its 2025 strategic vision. It also aims to prepare the country for the African Continental Free Trade Area (AfCFTA) Agreement.

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