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Consultation To Strengthen Trade With USA

Nouakchott,  26/10/2021
The Ministry of Commerce, Industry, Handicrafts, and Tourism organized, Tuesday in Nouakchott, a day of consultation and reflection to strengthen trade between Mauritania and the United States of America.

In a speech on this occasion, Ms. Naha Hamdi Mouknass, Minister of Trade, Industry, and Tourism, recalled that Mauritania and the United States of America are only separated by international waters, whose existence no longer constitutes an obstacle in view of the development of maritime transport and communication routes in general.

The Minister, who was speaking in the presence of HE the American Ambassador to our country, added that the neighborhood of the greatest power in the world constitutes for us an advantage that should be highlighted to stimulate bilateral trade.

The COVID 19 pandemic has clearly shown the interdependence of global markets and the urgency to further develop trade to ensure the continued supply of necessary products to markets, said the Minister.

"The volume of trade between our two countries, which continues to stagnate at around 1%, constitutes a real problem which must be solved given the public and private interests and the opportunities that have remained untapped", as the Minister put it.

Due to the strong relations between the two countries, Mauritania aspires to re-enter the AGOA agreement which enables the access of Mauritanian products to American markets without payment of customs taxes, the minister added.

To revive this agreement, the two parties wish, through this meeting, to review the obstacles that persist, she said.

For her part, Mrs. Cynthia Kierscht, the Ambassador of the United States to Mauritania, expressed the commitment of the Embassy of the United States to work for promoting trade between the two countries, particularly in terms of support for the country's economic take-off, part of the commitments of the President of the Republic, Mr. Mohamed Ould Cheikh El Ghazouani.

For his part, Mr. Sid'Ahmed Ould Abeidna, president of the United States-Mauritania Business Forum indicated that it is a day of consultation between the public and private sectors to further develop commercial relations and investment between the United States of America and Mauritania.

"Stability and reform of economic institutions are the first guarantees of long-term development," he recalled.

Finally, he added that the peaceful situation the country is currently experiencing has created a favorable climate for investment.

Last modification : 27/10/2021 12:16:10