ECA thrusts for unique economic diversification program for Central Africa

2020-06-20 02:35:01

(MENAFN) On Wednesday June 17 the United Nations Economic Commission for Africa (ECA) stated that it is thrusting for an industrial and economic diversification master plan covering all 11 countries of the Central African sub-region.

Officials decided throughout a virtual conference convened by the sub-regional office of the ECA that the plan will create the sub-region double its industrial donation to gross domestic manufactured goods in the approaching years, which at present stands at 12 percent.

Antonio Pedro director of the ECA Sub-regional Office for Central Africa stated that "The project ... will enable us work together around the common value chains that will provide countries of our sub-region with the opportunity to produce, transform, distribute, and consume manufactured goods which resonate with their own needs and tastes,".

Officials of the two major trading alliances of the sub-region, the Economic Community of Central African States (ECCAS) and the Central Africa Economic and Monetary Community (CEMAC), highlighted the require to plan the master plan to help the sub-region recuperate from the ravages of Coronavirus.

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