{"id":66177,"date":"2024-10-07T17:33:04","date_gmt":"2024-10-07T17:33:04","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives"},"modified":"2024-10-07T18:05:38","modified_gmt":"2024-10-07T18:05:38","slug":"trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives","title":{"rendered":"Trade Ministry, NFSPMC to Boost Gambia&#8217;S Market Presence through Afcfta, GTI Initiatives"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>On Wednesday, October 2nd, 2024, the Ministry of Trade, Industry, Regional Integration, and Employment had a productive meeting with Mr. Muhammed Njie, managing director of the National Food Security Processing and Marketing Corporation (NFSPMC) on the African Continental Free Trade Area (AfCFTA) and the Guided Trade Initiative (GTI), designed to enhance the entry of Gambian products into the wider AfCFTA market.<\/b><\/p>\n<p>This initiative promises to provide valuable support and guidance to our businesses, increasing market access and promoting the export of our local products.<\/p>\n<p>Speaking during the meeting, Mr. Abdoulie Jammeh, the deputy permanent secretary of the Ministry of Trade, described the National Food Security Processing and Marketing Corporation as an important government institution as they are the main exporters of end products such as groundnut. Therefore, he informed Mr. Njie that under the AfCFTA Guided Trade Initiative, members are required to identify companies that can serve as aggregators, and the Gambia as a country selected NFSPMC to be one of them.<\/p>\n<p>Since 2022 when the initiative was launched, he said that they have seen a large number of countries interested in participating noting that it started with 7 and now they have 39 countries that have expressed interest to participate under the GTI and Gambia is one of the countries.<\/p>\n<p>Ousman Bojang, the director of Trade, emphasised that they want the NFSPMC to be a player in the AfCFTA because they believed that the NFSPMC have the experience of exporting and also the capacity to serve as an aggregator and if they are fully on board, they will be able to take advantage of the AfCFTA given their capacity.<\/p>\n<p>Muhammed Njie, the managing director of NFSPMC expressed delight in receiving the officials from the Ministry of Trade. He informed them that they do a lot of export to the neighboring countries on products such as crude oil, groundnut cakes among others. \u201cTherefore, we will be delighted to participate in the AfCFTA as it will facilitate trade among the subregion,\u201d he said.<\/p>\n<p>As the national institution that deals with trade aggregation, MD Njie mentioned the capacity of the Corporation and the readiness to participate and support MSMEs participation in the AfCFTA and the GTI.<\/p>\n<p>The AfCFTA Agreement promotes closer economic integration among subscribing countries and will, among other things, enable the region increase intra-regional trade through the elimination of import duties, barriers and distortions to trade such as quotas, and other non-tariff barriers.<\/p>\n<p>Hence, the purpose of the Ministry\u2019s visit to the NFSPMC is part of the Ministry\u2019s public sensitisation particularly to the business community on the significance and benefits of the AfCFTA.<\/p>\n<p>The AfCFTA is one of the flagship projects of the Agenda 2063 of the African Union that aims at integrating Africa\u2019s markets in line with the objectives and principles highlighted in the Abuja Treaty establishing the African Economic Community.<\/p>\n<p>The main objective is to expand and accelerate intra-African trade and increase trade among African countries through the elimination of tariff and non-tariff barriers as well as harmonisation of standards, sanitary and phytosanitary measures, custom cooperation and border procedures and other trade related regulations. The realisation of the AfCFTA objectives also requires capacity building and investments in the productive sectors, services and trade related infrastructure.<\/p>\n<p><strong>For More News And Analysis About Gambia Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. On Wednesday, October 2nd, 2024, the Ministry of Trade, Industry, Regional Integration, and Employment had a productive meeting with Mr. Muhammed Njie, managing director of the National Food Security Processing and Marketing Corporation (NFSPMC) on the African Continental Free Trade Area (AfCFTA) and the Guided Trade Initiative (GTI), designed to enhance the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":66176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[260],"class_list":["post-66177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trade Ministry, NFSPMC to Boost Gambia&#039;S Market Presence through Afcfta, GTI Initiatives - Gambia<\/title>\n<meta name=\"description\" content=\"On Wednesday, October 2nd, 2024, the Ministry of Trade, Industry, Regional Integration, and Employment had a producti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade Ministry, NFSPMC to Boost Gambia&#039;S Market Presence through Afcfta, GTI Initiatives\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, October 2nd, 2024, the Ministry of Trade, Industry, Regional Integration, and Employment had a producti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-07T17:33:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-07T18:05:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2024\/10\/sm_1728311682.652601.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Trade Ministry, NFSPMC to Boost Gambia&#8217;S Market Presence through Afcfta, GTI Initiatives\",\"datePublished\":\"2024-10-07T17:33:04+00:00\",\"dateModified\":\"2024-10-07T18:05:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\"},\"wordCount\":560,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2024\/10\/sm_1728311682.652601.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/trade-ministry-nfspmc-to-boost-gambias-market-presence-through-afcfta-gti-initiatives\",\"name\":\"Trade Ministry, NFSPMC to Boost Gambia'S Market Presence through Afcfta, GTI Initiatives - 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