The Minister of Economy and Finance, Adama Coulibaly proceeded on behalf of the Head of Government, Patrick Achi at the opening of the first Ivorian-British economic forum (UK-Côte d’Ivoire Business forum) on Thursday, March 24, 2022 in Abidjan.
This event follows on from the recent signing of an Economic Partnership Agreement between the United Kingdom and Côte d’Ivoire and shows the good health of bilateral relations between the two countries. A true meeting place for economic exchange, this forum bringing together more than 200 participants offers a platform for sharing new partnerships and investment opportunities between the United Kingdom and Côte d’Ivoire. In fact, the relatively low trading volume of 535 million USD or more than 319 billion CFA franc between the two countries in 2020 will not match the capacity of many large British companies operating in Côte d’Ivoire for many years . This is why this forum is positioned as a platform to re-energize the relationship between the two countries because of the huge potential that they have.
Recalls the Minister of Economy and Finance to the President of the Republic, Alassane Ouattara has taken major structural and sectoral reforms to improve the business environment and make Côte d’Ivoire, with the speed of praise from the international community, a brilliant economic Africa. According to Minister Adama Coulibaly, these reforms took place through the establishment of a new Investment Code; new code in mining, petroleum or forest; the establishment of the Single Window for Business or Formalities Single Window for Foreign Trade; the establishment of effective commercial justice; the legal framework for public-private partnerships, etc.
“All reforms undertaken are allowed Côte d’Ivoire to be one of the most dynamic economy in the continent of Africa and the world, with an average growth rate to 8% during 2012-2019. In less than 10 years, our wealth per inhabitant has doubled, so Côte d’Ivoire is one of the leading countries in West Africa. ” He announced.
Given the new National Development Plan worth 59,000 billion FCFA, or nearly 105 billion US dollars, during 2021-2025 adopted by the Ivorian government, the Prime Minister’s order invited the British private sector, to join the government in driving the Ivorian economy towards the shores of increased and shared prosperity. “Join us in making Côte d’Ivoire a sub-regional center and a critical and dynamic link between Africa and the world, by supporting us in achieving our ambitious road infrastructure development program, airports, seaports, energy and industry, “he urged.
Earlier, Britain’s Minister for Investment Lord Grimstone pointed out that as world leaders in the green industry of the future, from agri-tech to hydrogen to wind power, the government is committed to supporting British companies to do business and invest in Côte d ‘Ivoire. “Along with Côte d’Ivoire, an agricultural powerhouse on the continent, we can use our expertise to promote a green industrial revolution.” he confessed.
On his part, recalled the Ambassador of the United Kingdom in Côte d’Ivoire is the fruit of cooperation between the two countries. According to him, the United Kingdom and Côte d’Ivoire still stands at 547 million pounds sterling in trade between 2020 and 2021, or approximately 427.2 billion CFA francs. ” The United Kingdom and Côte d’Ivoire also means the construction of 6 hospitals in the northern half of the country, allowing a wide range of health and training of hundreds of health personnel, which guarantees jobs for years to come. ” he listed . Before adding that ” We organized this forum to be dynamic and engaging, to answer questions from participants, to make a direct link between the company and to invite you to see the Kingdom of Great Britain and Northern Ireland in a new light. It will provide a positive interaction skills for a long time. ”