(JollofNews) – President Adama Barrow has reaffirmed his government’s commitment to turn the country into a new economic development hub in an effort o increase the inflow of foreign investment in the country,
“The Gambia is open for business and we have taken steps to facilitate trade and provide incentives for investment in the country,” the Gambian leader said on Sunday while addressing a big crowd that gathered at MacCathy Square to celebrate the country’s 53rd independence anniversary.
The tiny West African nation is gradually recovering from a two-decade long economic lethargy, which had turned many investors away. Since the advent of the new regime, authorities have announced a series of measures geared towards revamping the economic sector. A New Development Plan (2018-2021) has been launched to ensure that govt achieve the economic targets that have already been set down.
Barrow said the country is now going to benefit from greater openness through international trade as many investors are exploring the Gambian market and opportunities.
“We have formulated several policies to enhance our trade relations and to better integrate The Gambia in to the multilateral trading system,” he added.
He further disclosed that the Trade Facilitation Agreement (TFA) has been ratified by his government with a view to boost the economy through stimulus.
“The Gambia was successfully reinstated into the African Growth and Opportunity Act (AGOA) which provides duty free market access to the United States,” President said.
Hopes have gained momentum to see the new regime deliver on expectations in making sure the country enters into the path of economic transformation.