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DTI SIGNS MOU TO STIMULATE INDUSTRIALISATION
The Memorandum of Understanding (MoU) followed the opening of the Centre for Trade and Regional Industrialisation offices by Trade and Industry Minister, Rob Davies, in March.

The Department of Trade and Industry (dti) and the United Nations Development Programme (UNDP) have signed an MoU for strategic collaboration in the implementation of programmes of the Centre for Trade and Regional Industrialisation.

The centre, which is located in Pretoria, is intended to strengthen regional integration through dedicated research to support Africaˇ¦s integration processes. It is also aimed at building the capacity of Africaˇ¦s trade negotiators in the ongoing Tripartite Free Trade Area and Continental Free Trade Area negotiations. The key objective is to promote the development of regional value chains to encourage diversification and structural transformation of the African continent.

ˇ§The main role of the centre will be to facilitate the implementation of the development integration approach that aims not only to promote trade but also regional industrialisation and infrastructure development. This implies that the centre will promote industrialisation on the African continent, thus supporting the continentˇ¦s drive to enhance productive capacity,ˇ¨ said dti Director-General (DG), Lionel October.

The MOU was signed by DG October and the UNDP Resident Representative in South Africa, Gana Fofang.

DG October said the continentˇ¦s reliance on exports of primary products was unsustainable and there was a need for a dedicated effort to promote value-addition.

Fofang said the partnership between the dti and the UNDP would ensure that the centre undertook and facilitated applied research and analysis, and collected evidence on policies and good practices in developmental regionalism, among others.
 ˇV Source: SAnews.gov.za


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