European Union to support Mozambique’s private companies

12 September 2011

Maputo, Mozambique, 12 Sept – The European Union (EU) plans to provide financial aid of 5 million euros to Mozambique’s private sector to help the country improve its international competitiveness, the first councillor for the EU delegation in Mozambique.

The aid announced Friday by Sylvie Tabesse aims to support the private sector over the next three years to produce according to international standards and thus to improve the placement of its products within an increasingly demanding global market.

Noting that this aid had yet to be confirmed by the Member-states of the EU, Tabesse said that the aim was now to focus its application on the private sector so that Mozambican companies could face the challenged of international trade.

The European Union is also working with the United Nations Industrial Development Agency to provide support to the National Standards and Quality Institute (Innoq) in areas such as metrology, standardisation and certification. (macauhub)