The Minister of Economy and Finance, Adama Koulibaly, on behalf of the head of government, Patrick Achi, leads the opening of the first Ivorian-British Economic Forum (UK-Cte d’Ivoire Business Forum) in Abidjan this Thursday, March 24, 2022. ,
The event follows the recent signing of an economic partnership agreement between the United Kingdom and Cte d’Ivoire and showcases the good health of bilateral relations between the two countries. A de facto meeting place for economic exchange, the forum that brings together more than 200 participants provides a platform to share new partnerships and investment opportunities between the United Kingdom and Cte d’Ivoire. In fact, the relatively small volume of trade between the two countries in 2020 of 535 million USD or more than 319 billion CFA francs does not match the potential of many large British companies that have been operating in Cte d’Ivoire for many years. That is why this forum has been positioned as a platform to revive the ties between the two countries, which have significant potential.
Read – Trade between the United Kingdom and Cte d’Ivoire is estimated at 427 billion CFA francs
The Minister of Economy and Finance recalled that the President of the Republic, Alassane Ouattara, has carried out major structural and regional reforms to improve the business environment and build Cte d’Ivoire with momentum respected by the international community, an African economic engine. According to Minister Adama Koulibaly, these reforms have been implemented through the establishment of a new investment code; new mining, petroleum or forestry codes; Establishment of single window for business formalities or single window for foreign trade; Establishment of effective commercial justice; Legal framework for public-private partnerships etc.
“All the reforms have enabled Cte d’Ivoire to become one of the most dynamic economies in the African continent and the world, with an average growth rate of 8% over the period 2012-2019. In less than 10 years, our per resident The assets have doubled, making Cte d’Ivoire one of the leading countries in West Africa.” he revealed.
In the wake of a new national development plan worth 59,000 billion FCFA, or about US$105 billion over the 2021-2025 period adopted by the Ivorian government, the prime minister’s mandate has invited the British private sector to join the government in driving the growth of the economy. The Ivorian economy grew and headed towards the shores of shared prosperity. “Join us in making Cte d’Ivoire a sub-regional hub and a vital and dynamic link between Africa and the world, helping us achieve our ambitious program of development of road infrastructure, airports, ports, energy and industries. By supporting,” he said. Make a strong request.
Earlier, UK Investments Minister Lord Grimstone pointed out that as world leaders in the green industries of the future, from agri-tech to hydrogen to wind power, the government would encourage British companies to do business and invest in Cte d’Ivoire. Committed to supporting “With Cte d’Ivoire, an agricultural powerhouse on the continent, we can use our expertise to advance an industrial revolution green.” she believed.
For his part, the Ambassador of the United Kingdom to Cte d’Ivoire recalled the fruits of cooperation between the two countries. According to him, the United Kingdom and Cte d’Ivoire still represent £547 million worth of trade between 2020 and 2021, or about 427.2 billion CFA francs. The United Kingdom and Cte d’Ivoire are also building 6 hospitals. In the northern part of the country, widespread health coverage and training of hundreds of health workers allowed, guaranteeing jobs for years to come. ” she listed. Before adding, “We organized this forum to be dynamic and engaging, to answer participants’ questions, to build direct links between companies and to invite you to see the Kingdom of Great Britain and Northern Ireland in a new light.” has done. This will give long term positive engagement skills.
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