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Monday, November 11, 2013

PACCI’13: Implementing efficient trade policies top agenda


At the forthcoming 2013 Pan African Chamber of Commerce and Industry (PACCI) conference top on its agenda is the implementing efficient trade policies, ITRealms can authoritatively report.

The PACCI’13 conference, ITRealms investigations revealed is being organized by African Chambers of Commerce and Industry on November 28th and 29th 2013, and is expected to advance the Continental Free Trade Area (C-FTA).

Confirming this, PACCI in a press statement made available to ITRealms indicates that despite the unease with free trade in many corners of the world, PACCI considers free trade to be good for development.

“Free trade can increase income levels, jobs, and bring in growth and prosperity. In all likelihood, PACCI believes that the discomfort with free trade lies not in the notion of free trade itself but how trade liberalization is pursued worldwide, too often linked with hypocrisy, guilt by association, democratic deficit and disregard for inequality,” official told ITRealms.

Equally, the conference is expected to address relevant issues to a modern trade and investment environment, from ambitious new market access opportunities to clear rules for African businesses and investors.


These include mainstreaming and implementing coherent and efficient trade policies; reducing costs and time for moving goods to destinations; creating regional and continental value chains, increasing local production and trade in goods produced in Africa; developing innovative mechanisms for multi-country infrastructure projects, e.g. energy, transport, telecom et; developing African Financial institutions/mechanisms to support intra-African trade and investment; and promoting intraregional harmonisation of regulations and factor mobility. 

Remmy Nweke
ITREALMS Online ... delivering news for ICT4D

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