The government of Rwanda through the Ministry of Commerce, Trade and East African Affairs (MINEACOM) has signed performance contracts with traders in relation to improving and increasing exports.
The performance contracts were signed between the government and 19 export-based companies yesterday in meeting held at MINEACOM.
The Minister of MINEACOM, François Kanimba explained that the performance contracts are based on institutions’ commitment to exporting specified quantities with the government support.
“The agreements will see exporters and the government working together to increase exports,” he said.
Kanimba explained the performance contracts will bring fruitful results as long as stakeholders execute them properly.
Félicien Mutalikanwa , an exporters’ representative said that the performance contracts are a result of continued talks with the government and will enable a growth in export volumes.
“The agreements will help the implementation process of growing the exports and we hope for positive outcomes. We will also be able to identify the challenges and address them squarely. It is a journey of building the body of exporters which has a role in the country’s self reliance” he said.
According to MINEACOM, the value of exports increased by 1% last year while statistics of nine months of this year indicate that it has grown by 10 %. Rwanda targets to raise exports by 28%.
Traders have been asked to maximize benefits from Export Growth Fund (EGF).