Trade and Industry
The performance in the trade as well as industry sector is fundamental to Rwanda’s economic growth along with poverty reduction targets began in vision 2020. The government works to make an improved business environment, which will boost private sector development as well as sustainable, long-term economic growth. This will be achieved through a comprehensive partnership as well as coordination with all the stakeholders in the sector.
There are lots of other challenges, chances in addition to areas for further improvement that ought to be addressed.
Trade Policy: The trade policy retains seven core principles, which are:
– Development of the internal trade in making accessible goods as well as services on markets,
– Export promotion,
– Trade Professionalisation,
– Regional integration promotion,
– Domestic market supply improvement,
– Consumers protection,
– International trade promotion.
Industry Policy: The Industry sector policy is based on the following principles:
– Organize a progressive disengagement of the Government from the productive sector and promote private sector development;
– Training in the use of new manufacturing technologies.
– Organizing Industries that are competitive environmental friendly and sustainable;
– Elaboration of the legal and regulatory texts governing the industry sector;
– Promotion of Agro Industry concentrating on value addition.
– Encouraging the cooperation between learning and research institutions with the industrial sector;
– Decentralization of the industrial activities
– Promotion of competitiveness in the industrial sector towards growth in productivity
– Promotion of Micro, small, and medium enterprises.