President Faure Gnassingbé to visit China, from September 2-10

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Monday, 20 August 2018 17:32

President Faure Gnassingbé to visit China, from September 2-10

(Togo First) - From September 2-10, Togo’s President Faure Gnassingbé will be visiting China in the framework of the China-Africa Cooperation Forum (Focac), to discuss ways to broaden the nation’s cooperation with the Asian giant.

First, the Head of State will attend a high-level dialogue with his Chinese counterpart and the business community in Beijing, where the forum will be held from September 3-4. A round table is also planned.

Next, Gnassingbé will attend on September 5, hearings with Chinese financial and state institutions, including China Merchant Group, which is active in maritime, financial and real estate sectors. Meetings with managers of Eximbank of China (which is very active in Togo) and China Development Bank as well as the Managing Director of BRICS Bank are also planned.

Following hearings which are set to end September 6, a bilateral meeting between the two Heads of State will notch the Togolese president’s stay in the Chinese capital.

The next place, Zhiejan which is the country’s fourth-largest economic province, will witness the signing of a strategic partnership. This agreement is expected to attract Chinese investors, an important move in the implementation of the National Development Plan (PND). In addition, Faure Gnassingbé will meet with Jack Ma, the province’s Governor and CEO of Alibaba, the global e-commerce giant.

Let’s mention that Gnassingbé will lead works of the Business Forum organized by Togo. About thirty companies operating in the PND’s strategic sectors are invited. A visit to companies such as Alibaba, Hangzou Economic & Technological Development Area and others will conclude his stay in Zhiejan Province.

The Togolese presidential delegation will finally visit Guangdong province, China's 8th largest economic province, where it will establish partnerships in textile sectors.

REFORMS OVERVIEW

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

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