Togo explores opportunities with Commonwealth in the maritime sector

Transport

Monday, 24 July 2023 08:46

Togo explores opportunities with Commonwealth in the maritime sector

(Togo First) - Togolese Minister of Maritime Economy, Edem Kokou Tengue, talked with Commonwealth officials at Marlborough House, in London, on July 19, 2023. They covered the opportunities and benefits that the Commonwealth's Blue Charter presents for Togo. This was on the sidelines of the 129th session of the General Assembly of the International Maritime Organization (IMO).

Tengue, on the occasion, highlighted Togo’s maritime assets and advocated for its integration into the unique platform of the Commonwealth Blue Charter. This platform provides facilities for the exploration and exploitation of marine resources while promoting environmental sustainability and international cooperation.

In this framework, the Togolese minister and his hosts discussed potential areas of cooperation, such as ways to sustainably manage fisheries, protect marine biodiversity, develop the blue economy, and take innovative steps to fight sea pollution.

In Togo, 70% of economic activities are linked to the seafront, and the country gets over 75% of its tax revenues from it, according to the Ministry of Maritime Economy. Indeed, for several years now, the Togolese government has doubled down its efforts to better regulate maritime activity and make Lomé’s port a hub in the sub-region.

Esaïe Edoh

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

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)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

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)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.