Guinea-Bissau creates Agency for Promotion of Exports and Entrepreneurial Development

4 July 2018

The government of Guinea-Bissau plans to provide the country with an Agency for Promotion of Exports and Entrepreneurial Development, according to an order from the Ministry of Commerce and Handicraft, to which Macauhub had access on Tuesday.

To this end, a seminar on the validation of the economic feasibility study for the creation of the new agency, organised by the ministry in which technicians from various public and private institutions are taking part.

A document signed by Minister Vicente Fernandes said the creation of the agency has already received funding, of an undisclosed amount, from the Trade and Competitiveness Support Programme for the West African Economic and Monetary Union (UEMOA).

According to a statement, the creation of the new agency, which will have the technical assistance of the International Trade Center (CCI), aims to strengthen the National System to Support the Development and Promotion of Exports and ensure the country’s active and efficient participation in the network of trade promotion bodies on an UEMOA level.

A technical mission of the CCI visited Guinea-Bissau in October 2017 and consulted with a number of with public and private trade support institutions, organisations and development partners to identify areas that needed to be studied to set up the institution.

At the time, the mission also carried out a cost-benefit analysis, as well as the companies’ needs for export support services and the institutional architecture of the organisations involved in export promotion. (macauhub)