Gambia Chamber of Commerce and Industry (GCCI) has recently signed a Memorandum
of Understanding (MoU) with the Abuja Chamber of Commerce and Industry (ACCI)
aimed at strengthening economic ties between the two chamber of commerce.
President Prince Adetokunbo Kayode SAN signed on behlf of ACCI, while Chief Executive Officer Alieu Secka for the GCCI.
The MoU is also designed to encourage, promote and faciliate trade cooperation among the business communities of The Gambia and Nigeria.
The President of the Abuja Chamber of Commerce and Industry (ACCI) was in the country at the invitation of The Gambia Chamber of Commerce and Industry (GCCI).
Speaking at the signing ceremony, Mr. Secka said the invitation was to establish a practical framework for the development of stronger trade relationship between The Gambia and Nigeria, and to set forth the procedures of cooperation, which he said, can enhance the implementation of reciprocal trade objectives.
His counterpart Prince Adetokunbo SAN used the occasion to address the Nigerian banking and business community in Banjul, during which he stressed the overarching importance of more business activities between countries in the Economic Community of West African States (ECOWAS) sub-region, saying it would help lift the people out of poverty.
Prince Kayode, who is accompanied by a team from his chamber of commerce, noted that African countries have several competitive and comparable advantages as well as a large market which they must develop for the economic advantage of the sub region.
While exchanging views with the GCCI’s CEO and its council members, Prince Kayode stressed the need for Africa to go into new Continental Trade Free Zone (CTFZ), Africa free trade agreement in order to expand intra African businesses.
He pointed out that the new dispensation will mark a turning in the way they do business among themselves. “A vast market such as Africa’s should be harnessed for the overall benefits of our business communities in our respective countries”, he said.
Under the agreement, it is expected that parties shall coordinate their activities in order to establish and expand a trade network, facilitate business opportunities and collaborate in logistics matters among other things.