Today: Friday, 19 July 2019 year

Ethiopia to host World Export Development Forum

Ethiopia to host World Export Development Forum

Ethiopia will host the World Export Development Forum (WEDF), one of the most important business events among the members of the African Continental Free Trade Agreement. As press agency Xinhuanet reported, the forum will take place from November 18-22 in Addis Ababa.

The WEDF’s sessions aimed at advising business companies and enterprises on how to make the most effective use of the entrepreneurial options offered by the recently ratified African Continental Free Trade Agreement (AfCFTA).

In November, thousands of businessmen, politicians and officials from dozens of countries will participate in the business event, which becomes a platform where they could discuss the latest developments. The central topic of the Addis Ababa forum will be the problems of international business competitiveness as well as outlining foreign capital investment in this African nation.

According to the text released in Addis Ababa, the Export Forum will have sessions to advise companies on how to make the most effective use of the entrepreneurial options offered by the recently ratified Agreement. The Forum will be hosted by ITC and the Ethiopian Ministry of Trade and Industry, the official statement reads.

How African Continental Free Trade Agreement is able to boost business

Last March, 44 African states have signed the trade agreement when it was launched in Kigali, capital of Rwanda. Signing that document, the countries aspire to create a tariff-free continent that can grow local businesses, boost intra-African trade, spur industrialization and create more jobs. The AfCFTA is expected to take effect later this year.

Besides, the statement issued by the International Trade Centre (ITC), the Forum will discuss the need to foster youth entrepreneurship and self-employment, along with the application of other policies to incorporate qualified women and young people into global economic dynamics.

The Forum will be held at the headquarters of the African Union in Ethiopia and will coincide with the African Industrialization Week.