President Barrow presides over 5th Cabinet Meeting 2019
His Excellency, President Adama Barrow yesterday presided over the 5th Cabinet Meeting in 2019 at the State House, where policy matters from the Ministry of Trade, Industry, Regional Integration and Employment were high on the agenda.
The outcomes of the meeting were read to the press corps by Honourable Minster of Information, Mr. Ebrima Sillah as follows:
The conclusions of the 5th Cabinet Meeting held on Thursday 25th April 2019
Cabinet deliberated on a paper presented by the Hon Minister of Trade, Industry, Regional Integration and Employment on the Updated Gambia Trade Policy and Trade Policy Action Plan (2018 - 2022).
The initiative to update the Trade Policy is necessitated by the many new developments that have taken place since 2011 both at the national and regional levels.
The updated Trade Policy provides direction for the implementation of the government’s trade agenda. It is designed to improve and maintain a competitive trading environment aimed at enhancing domestic production and improving export performance through value chain development.
The overall goal of the Policy is to make The Gambia a competitive, investment and export-oriented economy led by the private sector growth.
The second Paper presented by the Hon Minister of Trade, Industry, Regional Integration and Employment was on the National Investment Policy 2019 - 2024. The updated National Investment Policy seeks to promote and facilitate investment that will grow the economy by creating a secure and rewarding employment for its population and produce good returns for investors.
The objectives of the policy are among other things:
Promote industrialization and value addition
Increase The Gambia’s export through the production of diverse goods and services as well as opening up to foreign markets.
Increase public investment, particularly in infrastructural development
Develop complementary infrastructure requirements (electricity, roads, bridges, sea and airport) to support business growth and development.
Rebrand the image of The Gambia with specific investment promotion activities and improvement in the ‘Ease of Doing Business’ by streamlining and removing unnecessary bottlenecks in public service delivery.