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SESSION 15: NEW MODELS FOR TRADE AND DEVELOPMENT IN THE 21ST CENTURY:
AN OPPORTUNITY-DRIVEN APPROACH TO BUILDING AFRICAN REGIONAL MARKETS
AND INCREASING TRADE AND FOOD SECURITY
Organized by: TransFarm Africa, Advisory Council on Trade (ACT)
Date: Tuesday, 25 September, 9:00 11:00
Meeting Room: S1
ABSTRACT
Trade can be a significant driver of economic growth, but it does not automatically create new opportunities in developing markets, particularly in the agriculture sector. The potential conflicts among increased economic growth, more open markets, regional market development and enhanced agricultural productivity are not well understood. More informed policy based on real private sector experience is critical especially within the public sector, which still directs much of the support for African agricultural development. New and more inclusive ways of identifying and advancing opportunities for investment, entrepreneurship and innovation are required.
The session will explore a ground-up, market-focused approach to trade and development that focuses on building African regional markets, strengthening supply chains and enhancing food security. In particular, it will explore an integrated approach to trade and development policy that rests on strong collaboration between the public and private sectors. It brings together policy approaches including WTO disciplines, trade agreements and tools such as capacity-building and technical assistance and innovative solutions from business, non-profit and research communities that address development needs. It will draw on the work of the ACT a group of leading experts in the field that came together to develop a new model for encouraging increased trade, investment and development. The ACT has developed its first set of recommendations focused on the East African Community, which outline a market-focused process for combining trade and development policy tools. It is now engaged in consultations around these initial recommendations and deeper research needed for implementation of the approach.
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