Gambia signs Trade Logistics Charter to boost growth, competitiveness

19 Nov '24

2 min read

Gambia signs Trade Logistics Charter to boost growth, competitiveness

Pic: Adobe Stock

Insights

The Gambia recently signed the Trade Logistics Charter to enhance economic growth and regional competitiveness.
The ministry of trade took help from the Tony Blair Institute for Global Change in developing the Charter and align its objectives with WTO standards.
The Charter is expected to streamline customs processes, improve asset management and enhance coordination among government agencies.

The Gambia recently signed the Trade Logistics Charter, an initiative aimed at enhancing economic growth and regional competitiveness, to transform its trade and logistics sector.

The signing event was witnessed by President Adama Barrow, members of the country’s Trade Logistics Council, and representatives from the Tony Blair Institute for Global Change (TBI).

The country’s ministry of trade played a key role in the Charter’s development, taking TBI assistance to align its objectives with international standards set by the World Trade Organisation (WTO).

The Charter is expected to boost the efficiency of the country’s trade ecosystem through streamlined customs processes, better asset management and enhanced coordination among government agencies.

It also outlines an ambitious infrastructure goal of constructing over 1,200 kilometers of roads to support trade.

“This Charter acts as a foundation for improving the operational efficiency of our port and trade ecosystem,” vice president Muhammad B S Jallow said. “By the same token, it ensures that we jointly regain lost revenue and secure a brighter and more competitive future for The Gambia,” he was quoted as saying by domestic media reports.

The Trade Logistics Council will oversee its implementation and monitor progress against key performance indicators.

Fibre2Fashion News Desk (DS)