Launch of the African ICT, Trade and Economic Growth Initiative
   
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E- Trade: Conducting old business in a new way

By Brenda Zulu, 14 March 2006

State Minister of Trade and Industry of Ethiopia Ahmed Tussa officially opened the Forum on Information Communication Technologies (ICTs) and Economic Growth organised by the Economic Commission for Africa (ECA) today with a view of conducting old business in new ways and embracing of new business opportunities that come with globalisation.
 
Speaking at the United Nations Conference Center, Headquarters of the ECA, Tussa observed that the advert of new ICTs has redefined the ways various activities are carried out at national, regional and global levels.
 
“One of these activities is trade. The digital economy is radically changing international trade, affecting business practices and introducing new business intermediaries, leading to an emerging e trade environment, said Tussa.
 
He also pointed out that according to the Organisation for Economic Corporation and Development (OECD), the effective use of ICTs by enterprises could result greater growth, a precondition for poverty reduction.
 
He added that Trade in goods and services was expanding as a result of new technologies. In addition, ICTs were enabling trade in other sectors by enhancing market access and broadening the customer base, facilitating customer, transport and logistics. He noted that ICTs were playing an economic role by changing production processes within firms.
 
He however noted that all these opportunities would be accessed only if countries are ready to restructure their economies, as this requires putting in place trade and economic growth policies that deal with the structural transformations associated with such changes.
 
He outlined categories of export opportunities that have emerged for African countries to include services opportunities through the use of ICTs, software development and hardware exports and E commerce activities.
 
“We are already witnessing African film making use o f such opportunities and participating in the global knowledge economy. Establishing a favourable e trade environment will greatly facilitate activities by enhancing trade efficiency and facilitating the integration of African countries into the global economy,” said Tussa.
 
In a goodwill message by ECA Executive Secretary Abodulie Janneh, delivered by Aida Opoku Mensah, Development Information Services Division (DISD), it was clear that the harnessing of ICTs for development was a critical element of the new thinking and development action that is needed in to tackle the major challenges faced by African countries and thus that it should be considered a priority.
 
It was pointed out that many African stakeholders have demonstrated the need to accelerate the pace of building the African Information Society, by adopting the African Regional Action Plan on the Knowledge economy, which ECA and the AU jointly launched in Tunis during the World Summit on Information Society (WSIS).
 
“ICTs when applied to health, education and other government services, are well known, however what is less understood is the significant potential to spur new opportunities for trade and economic growth in developing countries and economies in transition.”
 
Aware of ICTs that are facilitating trade and commerce activities in Africa an example of TradeNet initiative was shared as it allows electronic transmission of documents between customers freight forwarders, shipping agents etc In the case of Mauritius this is reducing the average time for clearing of goods from four hours to 15 minutes.
 
The Forum and ICTs, Trade and Economic Growth will run from 14 to 16 March 2006.

 

 


Forum on ICT, Trade and Economic Growth

Forum on ICT, Trade and Economic Growth

Forum co-sponsored by SDC, OIF and GTZ