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Wednesday, 26 July 2017

President leads trade delegation to Ghana

The President is viewing her State Visit to Ghana this week in the spirit of exploring engagement with part of the world with which Malta has had very little contact. Ghana is fast becoming a regional hub for opportunities in other West African markets, in the same way that Malta is being seen as a gateway to the wider Mediterranean and as a bridge to Europe. “Malta is well-known and well-regarded in the North African region, thanks to significant trade and cultural engagement over a long period of time between Malta and our Mediterranean neighbours to the south,” President Coleiro Preca said. “Yet, our historical engagement with sub-Saharan Africa has been less pronounced. I believe this is an excellent time for us to explore opportunities for further engagement. “It is important for Malta to establish strong links with our neighbours to the north, mostly the EU, as well as our neighbours to the south. This will put Malta’s role as a bridge in the Mediterranean into practical action,” she added. As in Malta, English is the official business language in Ghana and is widely spoken, while the judicial system is based on English common law principles. Ghana provides access to the rest of Africa – a population of 1.2 billion – through a Continental Free Trade Agreement.“There are various areas where our two counties can establish stronger and mutually beneficial relations, including in the transport and logistics sector, with Malta potentially offering a stepping stone for Ghana’s €5 billion export and import trade with the EU.” She also sees a chance for Malta and Ghana to discuss opportunities in the maritime sector, in view of Ghana’s need to establish new trade routes to Europe, China and East Africa, as well as Malta’s ambitions to broaden its export potential in West Africa. There are 54 countries in Africa. Why Ghana? “Ghana is the first country in recent memory to have invited a sitting Maltese Head of State. It is also the first sub-Saharan country to establish a High Commission in Malta. I believe that this State Visit will provide us with the opportunity to refine our wider strategy for Africa, as an important first step to engage Malta with Africa through trade.”

Source: Times of Malta