The 33rd meeting of the Intergovernmental Committee of Experts for Central Africa (ICE2017) has ended in Douala with calls for the adoption of well-targeted and sequenced counter-cyclical measures as a means to promoting resources-driven and trade-induced Industrialisation in Central Africa. “If we modernize the agricultural sector then labour resources can be available for the manufacturing sector, which has been identified as the sector that can free the region from the vulnerabilities it currently suffers. In response, Mr. Pedro said, “I am confident that action will be taken because failure to do so will put this region in continuous sequences of economic instabilities. It’s important to industrialize and we have a consensus that captures that necessity.”The ECA official added that “the responsibility to implement this consensus rests both with governments, RECs, as well as captains of industry. ECA will also be available to accompany this effort by supporting the region with detailed studies about the challenges and opportunities for resource-driven industrialization.

Source: News Business Ethiopia October 03, 2017 15:22 UTC