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EU Grants €380,000 To Reform Customs in Central Africa

european-union-eu

By Dipo Olowookere

A €380,000 EU grant has been signed with United Nations Conference on Trade and Development (UNCTAD) after ACP-EU Joint Parliamentary Assembly committees met in the European Parliament premises today.

The funded action aims at improving coordination and implementation of trade facilitation reforms in Central Africa countries.

The EU grant will support the countries of the region in putting in place the agreement. It will also boost capacities of their respective National Committees on Trade Facilitation to comply with other relevant national, regional and international requirements and share lessons learned throughout the region.

The project will be run in cooperation with the United Nations Conference on Trade and Development (UNCTAD) over a period of three years, starting in January 2017.

DG Trade (Directorate F. WTO, Legal Affairs and Trade in Goods) Director Denis Redonnet, and UNCTAD Deputy Secretary General Joakim Reiter have officially announced the allocation of the grant while at the European Parliament, at the end of the session of the three EU-ACP Joint Parliamentary Assembly committees and in presence of the Vice-Chair of the Economic, Finance and Trade Committee of the ACP-EU Joint Parliamentary Assembly, Mrs Joyce Laboso for the ACP side and M. Louis-Joseph Manscour on behalf of Laura Ferrara for the EU.

The European Parliament is proud to host this event that illustrates the EU and UNCTAD close cooperation.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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