Proposals Reviewed to Boost Economic Competitiveness
By Christopher JATOR, Cameroon Tribune, 09-10-2014
Managers of enterprises, civil society have been sensitised on indicators for economic growth.
Managers of enterprises, civil society have been sensitised on indicators for economic growth.
Improving the competitiveness of the economy and enterprises is the main
subject of a two-day forum that kicked off at the Sawa Hotel in Douala
on October 9. Organised by the Competitiveness Committee with the
support of the United Nations Industrial Development Organisation,
UNIDO,
and the European Union, EU, the forum sought to sensitise
managers of locally-based enterprises and to validate indicators of
competitiveness from the Competitiveness Observatory.
The
objective is to sensitise the participants on the proposals set up by
the EU and UNIDO as a pointer to the state of competitiveness of the
Cameroonian economy. Participants to the forum were representatives of
the public and private sectors, universities, civil society, and
economic experts, among others. “We will review the proposed variables
in order that they are applicable to the development of the Cameroonian
economy,” said Daniel Claude Abate, President of the Competitive
Committee who doubles as the Executive President of the Cameroon
Entrepreneurs Movement, MECAM, while opening the forum in the presence
of Claude Ferrier, Chargé des Programmes of the EU delegation.
He
expressed the fact that the absence or poor state of road
infrastructure, high electricity and telephone costs, as well as the
comparatively cheaper products imported to the country to locally-made
products of the same quality shows that the economy still needs to
attain a favourable competition level. The Competitive Committee has
members both from the public and private sectors, charged with improving
the competitiveness of the economy and enterprises. The present forum
is in line with competitive strategy for the economy adopted by
government in August 2010.
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