Be competitive in global trade, Kagame tells developing countries

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m_Be competitive in global trade, Kagame tells developing countries

President Paul Kagame today opened the 14th World Export Development Forum in Kigali with a call for developing countries to overcome obstacles that hinder them from competing in global trade.

Kagame said that there is no country so isolated, disadvantaged that it can’t find a competitive edge in the global economy.

“To overcome geographical and other disadvantages, we must benchmark ourselves against the best in the world. After all, real wealth is in the head, not in the ground. Building a competitive, modern economy requires smart investments in human capital and productive knowledge”

Kagame argued that: “We should see competition as an opportunity rather than a problem. To overcome geographical and other disadvantages, we must benchmark ourselves against the best in the world.”

The forum has gathered world leaders and business experts in Kigali city from September 16-17, 2014. The Ethiopian First Lady, Roman Tesfaye Abneh was among other global leaders.

The World Export Development Forum, the first of its kind to take place in Africa, is organized by the International trade Center in conjunction with the Rwandan government.

The conference is also expected to boost the economy within the private sector and hospitality services as Rwanda has launched a bid dubbed MICE – to host more international and regional conference as a way of earning tourism promotion.

The theme of WEDF 2014 is ‘SMEs: Creating jobs through trade’ reflects the important role a vibrant private sector plays in driving trade-led growth and development.

The forum will address the urgent need to create employment opportunities, in particular for youth; will be at the core of the discussions between global thinkers and practitioners from the public and private sectors.

The experts will also explore how small and medium-sized enterprises (SMEs) can contribute to development, become and remain competitive by addressing issues that impact their entrepreneurial capacity and their operating environment.

Among other crucial issues will be developments in trade facilitation, regional integration, South-South cooperation and trade in services will be discussed and innovative solutions for SMEs to thrive through access to funding, technology, information and skills explored.

The event will provide a platform to identify and act upon SME needs and explore the role of different actors to assist them.

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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