Rwanda endorses trade agreement with Ethiopia
Rwanda, April 13 – Rwanda has blessed the trade agreement set with Ethiopia on 13th August 2013, among other drafts that were made with other African countries. The trade agreement with Ethiopia is significant to strengthen the ties for business between the two parties.
Other than Ethiopia, Rwanda managed to approve drafts made with the Kingdom of Morocco and Djibouti. Rwanda seeks to accommodate and invite a number of trade partnerships that would be of mutual benefit to the parties involved. It has been of the best performing East African countries with its economic prowess so strong and making milestones under the leadership of President Paul Kagame.
Protection of investments is a critical aspect that Rwanda and Djibouti signed to ensure there is Return on Investments (ROI) on the projects set up. The relationship ties between the two is taking an upward trajectory, which will prove to be a critical point of relationship.
The two Presidents have visited each other to approve their friendship and support for one another. Politics has been a big hindrance in the economic growth in most African countries catapulted by corruption and other vices. With their visiting, it cools the temperatures and gives hope for the businesses.
Many countries have benefited from investments which have led in the raising of funds for other projects from the revenue generated. They have also created employment opportunities within the regions, reducing the poverty level and dependency rate of the rapidly growing population.
Ethiopia is transforming its industrial sector, which Rwanda will benefit greatly from. The two governments believe investing in Africa has fewer risks than investing elsewhere. Both countries have good records in agriculture and manufacturing sectors, one of the fundamental basis for their agreement.
By building their industrial sectors, they are able to produce standard goods and be more competitive in their fields, building their economies.