E13.6M FOR TRADE LAW REVIEW

MBABANE – Eswatini has entered into a grant advisory agreement worth E13.6 million with the International Finance Corporation (IFC).

The agreement, in relation to the kingdom’s trade facilitation and competiveness, was signed with the member of World Bank to focus on six priority areas.
These are: simplification and harmonisation of processes, Time Release Study (TRS), review of trade related legislation, support to coordinated border management, support to transparency and accountability together with risk management.

Participation

It should also be mentioned that the business community in Eswatini and other COMESA member States were also set to benefit from E150 million provided by the European Union (EU) to support increased private sector participation in regional and global value chains.

This followed the signing of another financing agreement between the EU and Common Market for Eastern and Southern Africa (COMESA) to implement the Regional Enterprise Competitiveness and Access to Markets Programme (RECAMP).

COMESA Secretariat Head of Corporate Communications Mwangi Gakunga explained that the programme ,which was signed in Lusaka, Zambia, was supported under the 11th European Development Fund.

Secretary General of COMESA Chileshe Kapwepwe and the Head of the EU Delegation to Zambia and COMESA, Ambassador Alessandro Mariani, signed for their respective organisations.

 He stated that the programme had two key result areas: the first was to ensure that competitiveness and market access of small and medium enterprise (SMEs) and other firms in the targeted value chains were sustainably enhanced.

 Under this result, Gakunga said the programme would facilitate networking, access to knowledge, vital market information and support formal business linkages between SMEs, key regional suppliers and lead firms.

    

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: