As part of the regional programme for building African capacity for trade, the International Trade Centre (ITC) and the Nigerian Export Promotion Council (NEPC) would soon establish trade information systems for the West African region.
The system, according to ITC, would provide a platform for trade information exchange within ECOWAS through the ECOWAS Trade and Enterprise Experts Network (ECOWAS TEN).
Senior Commodity Specialist at ITC, Micaela Maftei, during a visit Thursday to the NEPC in Abuja, said once established, the regional trade information networks would serve as platforms for trade information exchange, answering exporters’ information needs, increasing their knowledge about markets as well as increasing their capacity to promote regional products.
Maftei disclosed that part of the strategy adopted by ITC Market News Service was the establishment of a regional focused and customized News Service in collaboration with ECOWAS TEN Secretariat.
She revealed that the project was starting with Newsletters on Mango and Cashew to be produced on a monthly basis, to provide market information on the sectors in the areas of prices, available stocks, areas of production, among other things.
“Trade information and monthly market newsletter with a particular regional focus are scheduled to be issued on Mango and Cashew nuts in 2011 and on Sesame and Palm Oil in 2012,” she said.
To facilitate the establishment of the trade information systems, she stressed that arrangements had been concluded to organize a workshop on trade information in October this year.
Noting that she was in Nigeria as part of a larger West African visit to set in motion the process for the take-off of the newsletters, Maftei expressed optimism that the same cooperation would be extended by the NEPC to ensure the success of the newsletters.
In his speech, Executive Director of NEPC, David Adulugba, said his agency would ensure that Nigeria derived the full benefits of all the projects under the programme