EXPORTERS WORKSHOP ON EU MARKET ACCESS ENDS
Exporters of processed foods and private sector organisations in the Western Region have gained on knowledge how to efficiently access the European Union market at the final workshop of “Trade Days” at the Busua Beach Resort.
The “Trade Days” workshop is a series of market access confab organized by the Trade Related Assistance and Quality Enabling Programme (TRAQUE) to bring Ghanaian businesses closer to Europe.
Mr. Ebenezer Adjirackor, Director of Policy Planning and Evaluation at the Ministry of Trade and Industry in opening the workshop said the event was a great opportunity for businesses and exporters to interact with trade experts to clarify and deepen their understanding of commodity import approval processes as required by the EU trade protocols and market access regulations.
He also called on the private sector to deepen their involvement in trade. He said “As private entities, your crucial role as captains of industry and commerce is indispensable. You are the real vehicles of trade.”
As funders of TRAQUE, Mr. Christian Peters of the European Union Delegetion to Ghana urged the participants to take advantage of the new access to funds package the EU has signed with a couple of banks (Access Bank, Ecobank among others) in order to get credit facilities to expand their businesses. He also called on them to gain proper knowledge of the different European countries and their regulations before exporting.
The European Union is the world’s largest single market. With 503 million people and more than 25% of the world’s GDP, it’s a good target for any business.
The participants were also taken through information on how to pay less for their exports by using the Economic Partnership Agreement (EPA), the Common External Tariff or the ECOWAS Trade Liberalization Scheme.