ICC, Secretariat to support sustainable supply chain Summit in Africa
In an effort to deepen trade and investment within Africa, the National Committee of the International Chamber of Commerce called on the Secretary General of the Africa Continental Free Trade Area Secretariat.
According to Mr. Doni-Kwame Traditionally, there has been a low integration of Africa into global value chains as well as low regional integration, resulting in lost potential for development and economic prosperity.
The establishment of the African Continental Free Trade Area has the potential ease the flow of goods, services, and investment across an economic area of more than 1.3 billion people.
He said, The World Bank estimates that a full implementation of the Africa sustainable supply chain, will result in more jobs and income growth, possibly lifting up to 50 million people out of extreme poverty by 2035 – critically contributing to the recovery after the COVID-19 pandemic.
With the current geopolitical crisis having rippling effects across the globe and in particular in Africa, threatening food security of millions of people, it is more important than ever to accelerate Africa’s regional integration to help build resilience of supply chains to external shocks and create an environment for investments.
Supply chains have experienced and are continuing to experience major disruptions. Hosting 10 of the most climate vulnerable countries in the world, Africa and supply chains in the region are exposed to significant risks for further disruptions.
ICC’s mission is to make business work for everyone, every day, everywhere. Global trade and the facilitation of goods and services across supply chains are key engines of economic development.
The ICC Africa Supply Chain Summit will serve as an annual platform to exchange ideas and collaborate on the impact of market dynamics and new technologies for current and future supply chain and operations leaders.
This maiden event creates an opportunity to examine how to navigate supply chain disruptions within the Africa as well as how sustainable supply chain management, advanced technologies, process improvement and automation are being rolled out and can be leveraged in Africa.
The Secretary General of ICC Ghana, Mr. Emmanuel Doni-Kwame recounted efforts undertaken by the International Chamber of Commerce to promote the Africa Market in the past few years. He said WTC Accra organized top Ghanaian businesses and government officials to participate in 2023. and a Ghana Country Presentation organized with UNDP and Ministry of trade and industry to leverage the successes.
The story by Fada Amakye from Daily Sun106.com