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Thursday, 18 February 2016

Germany finances UNCTAD project on trade procedures in W. Africa

UNCTAD's work with West African countries gains momentum thanks to German support for a new capacity-building project for Nigeria, Mali and Benin. In November 2015, UNCTAD and the German Federal Ministry for Economic Cooperation and Development (BMZ), represented by Deutsche Gesellschaft für Internationale Zusammenarbeit, signed an Agreement whereby Germany will provide EUR 950,000 for the project "Transparent Trade Procedures in the region of the Economic Community Of West African States".The project will create online Trade Portals that will describe export, import and transit procedures in the recipient priority countries of Nigeria, Mali and Benin, all of which are WTO Members. (…) As a result, recipient countries will be able to comply with some of their obligations under the WTO Trade Facilitation Agreement, and their National Trade Facilitation Committees will be strengthened. The project is planned for a two-year period with the implementation phase starting in early 2016.

Source: UNCTAD