Port Wings News Network:
A high level 37 member FIEO business delegation led by Mr. Israr Ahmed, Regional Chairman, FIEO Southern Region will be visiting Nairobi and Addis Ababa from 17 to 22 November, 2019 to explore business opportunities in Agriculture, Machineries and Food Processing sector.
The program is organised with the support of International Trade Centre (ITC) Geneva. Apart from scheduled Business to Business meetings, the delegation will visit major Special Economic Zones, Plug and play facilities, etc available in both the countries.
The delegation also will be participating in the World Export Development Forum (WEDF) being organised at Addis Ababa, Ethiopia by ITC Geneva organised a the part of Africa Industrialisation week, hosted by the African Union Commission and Department of Trade and Industry, Ethiopia
FIEO is taking the delegation in the background of building on the momentum of the newly ratified African Continental Free Trade Area. This single market in development hosts 1.2 billion people with an aggregate GDP of over $2 trillion, and expected to open up new business opportunities for India.
The product profile of FIEO delegation comprises of agricultural including fruits, vegetables, meat, cereals, dairy, tea, coffee, spices as well as agri-processing technologies, machinery and packaging solutions. The business delegation also aims to provide cutting-edge machinery for food processing, storage and packaging solutions for a variety of agricultural products to Africa.
Mr. Israr Ahmed, Regional Chairman, FIEO Southern Region said, “At a time when trade tensions and escalating, protectionism are undermining the rules based multilateral system, by initiating this delegation, FIEO intend to help in diversification of trade to unexplored African countries.”
Mr. Israr Ahmed stated: “Trade between Africa and India has increased more than eight-fold from US$7.2 billion in 2001 to US$62.5 billion in 2018, making India Africa’s fourth-largest national trading partner, accounting for more than 6.4 percent of total African trade in 2018, up from 2.7 percent in 2001. The business-to-business matchmaking platform in Kenya and Ethiopia will offer Indian delegates the opportunity to forge new business deals in agribusiness and also help MSME in strengthening their abilities in complying with standards, technical regulations, sanitary and phytosanitary (SPS) measures, etc.”