Over 300 Exhibitors to Grace Made in Rwanda EXPO

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According to the Ministry of Trade and Industry, over the past years, Rwanda has had a consistent external trade deficit, which has contributed to a negative balance of payments situation in the country.

According to the Ministry of Trade and Industry, over the past years, Rwanda has had a consistent external trade deficit, which has contributed to a negative balance of payments situation in the country.

The Private Sector Federation has revealed that over 300 local exhibitors will attend the Made in Rwanda that is slated for slated for December 14 -20.

Organized by PSF in partnership with the government, the campaign is aimed at promoting locally made goods and it will attract exhibitors from sectors including ICT, manufacturers, service, Agro-processing, textiles, Handcrafts, services among others.

The Made in Rwanda Expo 2016 to be held at Gikondo Expo grounds will be the second edition of the event after the previous Expo early this year in March was held to showcase domestically produced goods to the local audience.

“The only way to promote our own industries and increase the production capacity we need to promote locally made goods that’s why Made in Rwanda Expo was initiated” Donatien Mungwarareba the Director of Communication, Advocacy and Labour relations said in interview.

The Made in Rwanda campaign is a timely initiative whose success stands to boost domestic production and stimulate local consumption habits. It is through the growth of industries that produce high quality goods for domestic use and export that Rwanda’s import bill will be diminished.

Private sector is already spreading its wings in various countries to look for markets for local products in order to double the exports meaning that with increasing in local production, it will increase the country’s export base.

The targeted regions are central and west Africa, east Africa as well as in Asian market.

The event that is expected to host more than 300 local exhibitors across the country from various Rwanda currently has a significant trade deficit, which for years has been in the range of 15% of the total gross domestic product. This is an issue the government is trying to address, as it will eventually lead to an unsustainable balance of payments situation – a shortage in foreign currency to pay for imports.

 

 

 

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