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Rwanda to raise export base by 17 pct

The gathering brought together variant development stakeholders in trade, together with government institutions, the private sector and other business partners.


Devdiscourse News Desk 14 Jun 2018, 09:34 AM Rwanda
  • The workability of the government’s exports’ rising targets will be sustained by the lack in the cost of doing business and facilitate trade by implementing different key designed business projects. (Image Credit: Creative)

Rwanda is considering to raise its exports base by 17 per cent annually. The revelation was made Wednesday by Trade and Industry Minister, Vincent Munyeshyaka, throughout the 3rd National Exporters’ Conference in Kigali.

The gathering brought together variant development stakeholders in trade, together with government institutions, the private sector and other business partners.

Munyeshyaka stated that "The recommendation is formulated to come up with mitigating strategies to ensure that constraints to export promotion are not only alleviated but also to make sure that the business community is taking advantage of opportunities that are existing in our economy."

Statistics on Rwanda’s trade performances on exports in 2017 signals that Rwanda exported over 7000 tons in 2017, according to Steven Ruzibiza, the CEO of the Private Sector Federation.

The workability of the government’s exports’ rising targets will be sustained by the lack in the cost of doing business and facilitate trade by implementing different key designed business projects.

Ruzibiza also stated that "We not only want to increase exports but we also try to see if we can have some import substitutions and the progress of the trend is quite encouraging although more efforts are needed to reach our potential."

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