The Minister for Trade and Industry (MINICOM), Vincent Munyeshyaka has urged exporters to increase the quality and volumes of exports as a way of supporting Rwanda’s economy through reducing trade deficit.
Munyeshaka made the call yesterday during an exporters’ conference that brought together, Rwanda Private Sector Federation (PSF) members and MINECOFIN in Kigali.
Munyeshyaka said that exports have been boosted with the advent of new industries which has fed into value addition, stimulated local production and promoted cross-border trade.
He said that exports sector is dominated by products like tea, coffee and minerals, with more flower, fruits and meat products taking a positive trend of growth.
“We will continue working towards reducing export and import imbalances. Last year, it reduced by 21% but it is not enough because it is still at 4,9% compared to the national economy,” he explained.
The Chief Executive Officer of PSF, Stephen Ruzibiza urged business people to use available opportunities to export their commodities on international market.
According to Emile Nsanzabaganwa, the General Manager of Kinazi Cassava Plant, last year, the factory exported 306 tonnes of cassava flour to Europe, USA, Canada and Africa with the target of increasing the exports to 1000 tonnes in the next financial year.
The Express News