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Monday, 23 October 2017

Maltese high commission or embassy to open in Sub-Saharan Africa

Minister for Foreign Affairs and Trade Promotion Carmelo Abela announced the opening of a Maltese high commission or embassy in Sub-Saharan Africa soon - Malta’s first mission in this African region which will open “a trade gateway to this part of Africa”. The Minister said there are three countries under consideration and the final decision will be announced next month. During a press conference marking the first 100 days of this legislature and Minister Abela taking up his new brief, the Minister explained that trade promotion was an obvious addition to the Foreign Affairs brief after internationally-respected Finch Ratings upgraded Malta to ‘A+’, “meaning Malta has the right environment to do business”. The hard-working and dedicated staff at Maltese embassies and high commissions abroad, including non-resident ambassadors, are building on their solid diplomatic relationships to increase business interactions, the minister said. “This is already helping Malta’s economy become one of the fastest-growing in Europe: GDP growth is expected to increase by 4.6% this year and 4.4% next year”. The Minister’s first trade mission to Ghana shortly after appointed Foreign Affairs and Trade Promotion Minister was successful due to several Maltese companies already starting to work there. “With a trade surplus of €12.3 million, exports rising to €20.7 million, and full diplomatic representation in Malta, Ghana was a natural choice”. Malta could be the economic gateway into the EU for Ghana through the Economic Partnership Agreement which provides for duty-free and quota-free access to the EU market for an unlimited period for all imports originating in Ghana. “In return, Ghana and other West African countries will liberalise their imports from the EU over a period of up to 20 years”.

Source: www.independent.com.mt