Deputy Prime Minister and Minister of Finance and Economic Empowerment Rama Sithanen and the governor of the Bank of Mauritius (BoM) Rundheersingh Bheenick both pleaded for special attention to regional integration and trade, which can accelerate the economic recovery.
L regional integration has a key role to play in this regard, especially through a boost trade, supported by improved productivity and attracting foreign direct investment necessary to achieve a higher level of socio-economic development ", highlighted Rama Sithanen Thursday.
was during his opening speech at the 14th meeting of the Committee of Central Bank Governors of COMESA, at the Intercontinental Hotel at Balaclava. "We Need more trade, not aid", for his part said the Governor of the BoM.
"It is expected that volume of world trade in commodities and services falling by 12% in 2009, reflecting lower demand and lack of funding for trade. However, advocacy of G20 leaders to support the Doha Round of trade talks would not be the same in the coming months, given that trade remains low. Indeed, trade frictions are rising, especially between China and the United States, "said Rama Sithanen.
"Regarding our region, the situation remains challenging. After growing steadily for nearly a decade, is expected to slow the economy in Sub-Saharan Africa 1% in 2009 due to declining exports, "said the Great fundraiser.
Commenting on the role of the COMESA region, the Minister of Finance, Rama Sithanen should say "we welcome the launch of the COMESA Customs Union in June 2009 and anticipate the establishment of the COMESA Free Trade Area and SADC -ABC. We must maximize our benefits from regional integration. We must continue to work to reduce the remaining barriers, promoting Cross Border Investment and harmonize customs procedures and standards. "
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L regional integration has a key role to play in this regard, especially through a boost trade, supported by improved productivity and attracting foreign direct investment necessary to achieve a higher level of socio-economic development ", highlighted Rama Sithanen Thursday.
was during his opening speech at the 14th meeting of the Committee of Central Bank Governors of COMESA, at the Intercontinental Hotel at Balaclava. "We Need more trade, not aid", for his part said the Governor of the BoM.
"It is expected that volume of world trade in commodities and services falling by 12% in 2009, reflecting lower demand and lack of funding for trade. However, advocacy of G20 leaders to support the Doha Round of trade talks would not be the same in the coming months, given that trade remains low. Indeed, trade frictions are rising, especially between China and the United States, "said Rama Sithanen.
"Regarding our region, the situation remains challenging. After growing steadily for nearly a decade, is expected to slow the economy in Sub-Saharan Africa 1% in 2009 due to declining exports, "said the Great fundraiser.
Commenting on the role of the COMESA region, the Minister of Finance, Rama Sithanen should say "we welcome the launch of the COMESA Customs Union in June 2009 and anticipate the establishment of the COMESA Free Trade Area and SADC -ABC. We must maximize our benefits from regional integration. We must continue to work to reduce the remaining barriers, promoting Cross Border Investment and harmonize customs procedures and standards. "
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