east africa

east africa

SITA implementation to drive Indian-East African trade, investment

13h ago
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The roll-out of the Supporting Indian Trade and Investment for Africa (SITA) project, led by the International Trade Centre (ITC), will boost trade and investment between Indian and East African businesses through growth in key sectors. This south-south trade and investment promotion project is the result of several rounds of discussions between representatives of the business community, government and international organizations from India, Ethiopia, Kenya, Rwanda, Uganda and the United Republic of Tanzania. The overall goal is to equip East African businesses with the means to produce high-quality products and services that meet the demands of the Indian market and beyond. The project targets growth in priority sectors, including essential oils; sunflower oil; business-process outsourcing and information-technology enabled services; leather; spices; cotton, textiles and apparel; coffee; pulses; and various emerging sectors in the five East African countries. Increased exports and diversification of these goods and services will be fuelled by the sharing of Indian knowledge, skills and technology. The SITA project will also help East African countries to take full advantage of India’s Duty Free Tariff Preference scheme, which eliminates most tariff barriers on imports into the Indian market from least developed countries. For more information, visit the SITA webpage: http://www.intracen.org/sita/