@TheEastAfrican

Igad signs cross- border trade policy

2 weeks ago, 18:06

By: Kazungu Samuel

The Intergovernmental Authority on Development has adopted a regional policy framework on cross-border trade that promises to be a lifeline for the region’s small-scale traders.

Trade ministers from Djibouti, South Sudan, Sudan, Uganda, Somalia and Kenya and a representative from Ethiopia meeting in Mombasa last Thursday signed a policy document seeking to strengthen border security systems, support trade facilitation at border crossings and promote participation of border and communities in policy making.

The Informal Cross-Border Security Governance policy tackles issues related to food security, employment, peace and security in the region’s borderlands.

Kenya’s Trade Cabinet Secretary Adan Mohamed said the initiative is expected to sensitise on cross-border trade among member states.

“The beneficiaries are likely to be women and youth, and we are happy that today we have a framework that will recognise the socioeconomic contribution of informal cross-border trade within member states,” Mr Mohamed said. “It will also help us understand the linkages between cross-border informal trade and cross-border security,” he added.

The policy document will be presented to the Igad Heads of State for onward transmission to the African Union.

Mr Mohamed said that improving cross-border trade is one step towards the Continental Free Trade Area that the Heads of State signed in Kigali in March.

Uganda’s Trade Minister Amelia Kyambadde said the policy will regulate the informal trade within Igad countries and provide an opportunity to grow the informal sector.

“This policy will have an impact because every country's economy is driven by 15 per cent informal trade. So far there is no data available to quantify cross-border trade, meaning elicit goods are finding their way into the countries. The newly implemented policy is expected to formalise trade across borders and bring on board all member states from East Africa and the Horn of Africa. We were working only around East Africa but now we are also bringing on board members from the Horn of Africa and this will stimulate infrastructure development in future,” said Ms Kyambadde.

Mr Mohamed added that Igad is prepared to take up its role as the lead co-ordinator in charge of implementation the policy framework.

“We are looking forward to the opportunities for important improvements in the lives and livelihoods for the beneficiary communities in our region that will be created by the policy framework,” he said.

Ms Kyambadde said the policy document will regulate the informal trade within Igad and also provide an opportunity to grow the informal sector.

Meeting to consider the adoption of policy framework to solve cross-border challenges.


Read More


Category: topnews news business

Suggested

2 hours ago, 01:02
@DailyNation - By: Bruhan Makong
Somali elder wants to meet Obama

Mohamed Hassan Mumin first met Mr Obama in Wajir County in 2006. ...

Category: topnews news
1 hours ago, 02:40
@DailyNation - By: Githinji Gitahi
Health access is a human rights issue and UHC will level the field

In Kenya, it is estimated that a third of health expenditure is paid out of pocket at the time of seeking care. ...

Category: topnews news oped opinion
1 hour ago
@BBCAfrica - By: Andrew Harding
Hermit, Emperor, Magician: Predicting S Africa's future

Jacob Zuma is not leaving South Africa's political scene quietly. ...

Category: africa topnews news
3 hours ago, 00:15
@StandardMedia - By: Mercy Kahenda
Class one pupil who survived bandits’ bullets soldiers on

Shot in the head and left for dead, 8-year-old overcomes traumatic events that took away her parents’ lives. ...

Category: topnews news
3 hours ago, 00:15
@StandardMedia - By: Kamau Muthoni
You don’t have to go through customs to legally marry, court declares

Judge says the couple had lived and acted as husband and wife. ...

Category: topnews news
4 hours ago, 23:17
@AfricaNews - By: Africanews
African leaders congratulate France on 2018 FIFA World Cup triumph | Africanews

France were on Sunday (July 15) crowned World Champions 20 years after they won the accolade when the country hosted the tournament in 1998. ...

Category: africa topnews news

@TheEastAfrican

Igad signs cross- border trade policy

2 weeks ago, 18:06

By: Kazungu Samuel

The Intergovernmental Authority on Development has adopted a regional policy framework on cross-border trade that promises to be a lifeline for the region’s small-scale traders.

Trade ministers from Djibouti, South Sudan, Sudan, Uganda, Somalia and Kenya and a representative from Ethiopia meeting in Mombasa last Thursday signed a policy document seeking to strengthen border security systems, support trade facilitation at border crossings and promote participation of border and communities in policy making.

The Informal Cross-Border Security Governance policy tackles issues related to food security, employment, peace and security in the region’s borderlands.

Kenya’s Trade Cabinet Secretary Adan Mohamed said the initiative is expected to sensitise on cross-border trade among member states.

“The beneficiaries are likely to be women and youth, and we are happy that today we have a framework that will recognise the socioeconomic contribution of informal cross-border trade within member states,” Mr Mohamed said. “It will also help us understand the linkages between cross-border informal trade and cross-border security,” he added.

The policy document will be presented to the Igad Heads of State for onward transmission to the African Union.

Mr Mohamed said that improving cross-border trade is one step towards the Continental Free Trade Area that the Heads of State signed in Kigali in March.

Uganda’s Trade Minister Amelia Kyambadde said the policy will regulate the informal trade within Igad countries and provide an opportunity to grow the informal sector.

“This policy will have an impact because every country's economy is driven by 15 per cent informal trade. So far there is no data available to quantify cross-border trade, meaning elicit goods are finding their way into the countries. The newly implemented policy is expected to formalise trade across borders and bring on board all member states from East Africa and the Horn of Africa. We were working only around East Africa but now we are also bringing on board members from the Horn of Africa and this will stimulate infrastructure development in future,” said Ms Kyambadde.

Mr Mohamed added that Igad is prepared to take up its role as the lead co-ordinator in charge of implementation the policy framework.

“We are looking forward to the opportunities for important improvements in the lives and livelihoods for the beneficiary communities in our region that will be created by the policy framework,” he said.

Ms Kyambadde said the policy document will regulate the informal trade within Igad and also provide an opportunity to grow the informal sector.

Meeting to consider the adoption of policy framework to solve cross-border challenges.


Read More

Category: topnews news business

Suggested

2 hours ago, 01:02
@DailyNation - By: Bruhan Makong
Somali elder wants to meet Obama

Mohamed Hassan Mumin first met Mr Obama in Wajir County in 2006. ...

Category: topnews news
1 hours ago, 02:40
@DailyNation - By: Githinji Gitahi
Health access is a human rights issue and UHC will level the field

In Kenya, it is estimated that a third of health expenditure is paid out of pocket at the time of seeking care. ...

Category: topnews news oped opinion
1 hour ago
@BBCAfrica - By: Andrew Harding
Hermit, Emperor, Magician: Predicting S Africa's future

Jacob Zuma is not leaving South Africa's political scene quietly. ...

Category: africa topnews news
3 hours ago, 00:15
@StandardMedia - By: Mercy Kahenda
Class one pupil who survived bandits’ bullets soldiers on

Shot in the head and left for dead, 8-year-old overcomes traumatic events that took away her parents’ lives. ...

Category: topnews news
3 hours ago, 00:15
@StandardMedia - By: Kamau Muthoni
You don’t have to go through customs to legally marry, court declares

Judge says the couple had lived and acted as husband and wife. ...

Category: topnews news
4 hours ago, 23:17
@AfricaNews - By: Africanews
African leaders congratulate France on 2018 FIFA World Cup triumph | Africanews

France were on Sunday (July 15) crowned World Champions 20 years after they won the accolade when the country hosted the tournament in 1998. ...

Category: africa topnews news
Our App