{"id":21940,"date":"2023-09-25T19:24:10","date_gmt":"2023-09-25T19:24:10","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/africa-starts-borderless-trade-talks-at-nairobi-summit"},"modified":"2023-09-25T20:11:35","modified_gmt":"2023-09-25T20:11:35","slug":"africa-starts-borderless-trade-talks-at-nairobi-summit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/africa-starts-borderless-trade-talks-at-nairobi-summit","title":{"rendered":"Africa starts borderless trade talks at Nairobi summit"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>Deliberations to set Africa as a borderless continent in its trading activities have started in Nairobi.<\/p>\n

This is the main agenda at the 14th summit of general assembly of African Accreditation Cooperation (AFRAC) which is now celebrating 13 years of existence.<\/p>\n

Hosted by the Kenya Accreditation Service (KENAS), the week long conference aims at discussing how the countries in Africa will have a jurisdiction free zone in carrying out trade activities.<\/p>\n

The principal secretary for Industry in the Ministry of Investment, Trade and Industry (MITI), Juma Mukhwana stated that there is a need to have permanent remedy on the small size of African industry which is occupying three percent of the whole world.<\/p>\n

\u201cWe need more cross-border businesses, so that if you do a factory in one country you are able to access a larger market within Africa for economic sense of growth,\u201d said Mukhwana.<\/p>\n

In order to achieve the BETA agenda, the PS said that his ministry has focused more on growing the current investment to Sh220 billion (USD 1.5 billion) from Sh73.9 billion ($500 million).<\/p>\n

\u201cOur parent ministry is also focusing on increasing Exports from 10 per cent of GDP to 30 per cent by December 2025 and raise manufacturing contribution to GDP from seven to 15 per cent by 2027 and 20 per cent by 2030,\u201dhe added.<\/p>\n

The agenda for the AFRAC is packed with discussions and workshops aimed at addressing the unique challenges that will serve as a platform for member organisations to come together to review their progress and chart a course for the future.<\/p>\n

The chair of board of directors in Kenya Accreditation Service (KENAS) Ng’eny Biwott said that the Kenyan Government understands the importance of Accreditation in achieving one of its key agenda\u2019s on increasing and giving assurance to global trade through increased exports from 10 per cent of the GDP to 30 per cent.<\/p>\n

\u201cThe mutual accreditation arrangements offer governments a reliable and technically sound foundation on which to build out and improve bilateral and multilateral government-to-government relations and international multilateral commercial agreements,\u201d said Biwott.<\/p>\n

One of the key topics on the agenda is the role of accreditation in ensuring the quality and safety of products and services.<\/p>\n

Achieving this alignment will facilitate easier access to global markets, ensuring that African products and services can compete effectively on a global scale.<\/p>\n

For More News And Analysis About Eritrea<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. Deliberations to set Africa as a borderless continent in its trading activities have started in Nairobi. This is the main agenda at the 14th summit of general assembly of African Accreditation Cooperation (AFRAC) which is now celebrating 13 years of existence. Hosted by the Kenya Accreditation Service (KENAS), the week long conference […]<\/p>\n","protected":false},"author":84,"featured_media":21939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[242,243,233],"class_list":["post-21940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eritrea","tag-eritrea"],"yoast_head":"\nAfrica starts borderless trade talks at Nairobi summit - Eritrea<\/title>\n<meta name=\"description\" content=\"Deliberations to set Africa as a borderless continent in its trading activities have started in Nairobi. 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