Regional Integration Programmes

Government is also committed and will continue to advocate for the full implementation of regional integration programmes both under the African Union and ECOWAS. The goal is to ensure the creation of a single economic space to help increase trade, stimulate economic growth, attract foreign direct investment and enable domestic producers to build up their capacities.

 

The MTP will pursue programmes to improve the competitiveness of The Gambia so as to facilitate the integration of The Gambia into the regional markets for enhanced economic growth through exports. To this end, MOTIE would continue to pursue regional programmes, which include among others ETLS, ISRT, CET etc, to the best possible advantage of this strategic plan.

 

At the wider African Continental level, Government will effective participate in the current effort by the African Union to establish a Pan- Africa Continental Free Trade Area (CFTA) by the indicative date of 2017. The aim of the CFTA is to deepen Africa’s market integration and using trade to serve more effectively as an instrument for the attainment of rapid and sustainable socio-economic development. This will help in strategically positioning the continent to exploit its numerous trade and investment opportunities and contribute positively towards the structural transformation of African economies.

 

The CFTA is thus designed to provide an opportunity to integrate the fragmented national markets into a functional continental market bringing together the fifty-four African countries with a combined population of more than one billion people and a combined gross domestic product of more than US $3.4 trillion.

 

To be able to benefit from continental market integration initiatives, The Gambia will adopt and implement the right policy mix to help integrate the economy in the wider African continent. This will require developing the trade facilitation system, trade-related infrastructures and national productive capacities to take advantage of regional and continental market access opportunities.

 

Government will also ensure that the national activities in the Action Plan on Boosting Intra Africa Trade (BIAT), endorsed by the African Union in 2012, are integrated in the national programmes. The updated MTP will therefore also seek to implement some of these national activities in the Action Plan on Boosting Intra Africa Trade (BIAT) which identifies seven clusters; trade policy, trade facilitation, productive capacity, trade related infrastructure, trade finance, trade information and factor market integration.

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