Rwanda Has No Concerns Over Sharm El-Sheikh Agreement

Rwanda has no concerns over the Sharm El-Sheikh Agreement which will be signed in the South Sinai resort, said Rwandan Minster of Commerce Francois Kanimba.

Kanimba told Daily News Egypt that Rwanda hopes to have a clear understanding of the agreement’s items to speed up its implementation by the end of the conference.

“The agreement goal is removing barriers tariff and customs in preparation for a joint African uconomic union alongside the European Union, and increase internal trade between the African continent’s countries,” added Kanimba. “The agreement will participate in benefiting from the massive resources available in Africa as it grows very fast and open market will provide opportunity to increase enterprises.”

He noted that there are two pillars of the talks, the first involving infrastructure services around the continent particularly trans-border infrastructure projects, where huge projects are planned .The second pillar is release the integrated industries in the al the African region , he said.

The trade exchange between Egypt and Rwanda amounted to $ 4.6bn during the first quarter (Q1) of 2015, according to Egypt’s Ministry of Industry and Foreign Trade.

Source: Daily News Egypt