Linking Businesses To Markets; Unlocking The Potential Of The Manufacturing Sector In The COMESA Region
“ It is time for Africa to harness the opportunities’ that are nurtured in the
region. This can only be done through opening market and trade linkages
between, importers, exporters, traders and the larger manufacturers of our region.
We should be our own preferred trading partners.” This was said by the COMESA Secretary General, Mr. Sindiso Ngwenya, during
an interview on unlocking potential markets in the region through the upcoming 1st
COMESA Manufacturers’ Partnerships Fair and Regional Dialogue.
In response to
unlocking the potential in the manufacturing sector , the COMESA Secretariat
through the COMESA Business Council
(CBC), will hold the 1st Regional Manufacturers’ Partnerships Fair
and Regional Dialogue, 2013. The event will be held in Rwanda, on the sidelines
of the 16th Rwanda International Trade Fair, organized by the Rwanda
Private Sector Federation(RPSF) from the 24th July, 2013 to the 2nd
August, 2013. The CBC in partnership with ( RPSF), will launch this sectoral
event for the first time in the Region. This event is in close collaboration
and support with all the National Manufacturers Associations in the COMESA
Region.
The event will
provide a key trading platform for corporate buyers in the manufacturing
sector, to establish partnerships with SMEs- with an agenda of expanding
production and trade across the COMESA region. The focus of the fair is to
create a buyer- seller platform, where corporate industries of the region, meet
the diverse SME industries in the larger COMESA to strike deals that will
promote the selling of their products , in African markets.
COMESA region
is composed of over 440 million consumers, with an increased GDP of 518Billion
US$ as of 2011. Intra COMESA trade has increased to 18.4 BN US$ as of 2011. The
region is dominated by Small and Medium Scale enterprises(SMEs) who
constitute about 90% of the private sector of the member states in the COMESA
region, just as is the case in many economies of the world. Regional Integration has been
seen as critical to fostering manufacturing development. Building robust, competitive regional markets
in COMESA and the larger Africa, unlocks manufacturing potential . How is this
done?
“While we seek to promote regional value chains
that link companies to integrate their productive capabilities and sell a high
quality, competitively priced finished product to our regional consumers, we
note that this cannot happen unless physical platforms to encourage such networks
and discussions are established,” Said the Secretary General, Ngwenya, “Through
the COMESA Business Council, business in
the manufacturing sector will be given a platform to trade, promote, explore
opportunities through analyzing potential markets and trade flow and overall-
increase intra-trade within the region.”
The CBC has
invited Leading companies in the manufacturing industry from the 19 COMESA
Member states, across 19 sub-sectors in
manufacturing , to a singular platform
in a COMESA country, where they can explore opportunities of regional market
expansion, partnerships and expanding distribution circuits and lines.
During the period of the Manufacturers’ Fair, a 2 day
Manufacturers’ Dialogue will be held to discuss an advocacy approach on key
constraints facing the sector and adopt common positions on the key issues
addressed. The positions will then be advocated for by CBC at the Industry,
Trade and Customs Policy organ meetings.
“ As representatives of the Private sector, we
seek to capitalize on the existing frameworks provided by regional integration-
to expand businesses across the region, and become our own producers of
finished , standardized products.”
Said the Chairman of the CBC, Mr. Mathews Chikhankeni- President of the
Malawi, Chambers of Commerce and Industry “
We should start looking inward to discover our own potentials in driving market
forces for our own indigenous products. This can only be done by creating
linkages between the larger manufacturing sector and the growing SMEs of the
region.”
The CBC Chairman further noted that the COMESA
Manufacturers’ Partnerships Fair and Regional Dialogue would create a trading platform for the corporate
buyers of the manufacturing sector in the region, with the Industrial sellers
in the vibrant COMESA markets and thus fulfilling the mandates of CBC to
increase competitiveness within the region.
The event which
is hosted by CBC in partnership with the Rwanda Private Sector Federation-
RPSF, will provide trade and market flow analysis for businesses looking for
potential competitve markets of expansion in the region, business partnerships
and linkages, business and product promotion and advocacy for the manufacturing
sector who face barriers to business and trade in the region.
For further
information , please contact the COMESA Business Council Secretariat, or the
National Manufacturers’ Association at the National level.
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