Barbados aims to strengthen ties with Togo to enhance trade and cultural exchange. Senator Chad Blackman highlighted the importance of leveraging Togo’s economy and infrastructure for Barbadian businesses, especially for young entrepreneurs. The initiative focuses on tangible benefits for citizens, fostering partnerships, and rekindling historical ties with Africa, particularly through Togo’s advanced port facilities.
Barbados is embarking on a mission to strengthen diplomatic relations with Togo to create new avenues for trade, cultural interaction, and economic advancement. Minister in the Ministry of Economic Affairs and Investment, Senator Chad Blackman, emphasized the importance of Togo’s burgeoning trade hub in West Africa. He noted that Barbadian enterprises and entrepreneurs could significantly benefit from Togo’s infrastructure and thriving economy.
During a meeting with a Togolese delegation, Senator Blackman articulated the strategy to tap into opportunities that Togo offers, particularly for young entrepreneurs. He stated that the aim is not only to promote large businesses but to provide access for smaller ventures to engage with Togo’s economy. He asserted that it is crucial to shift focus from government-level formalities to actionable benefits for the people.
The Minister highlighted the importance of understanding regulations for business ventures between the two nations. He encouraged local producers to consider how they might penetrate the Togolese market. Senator Blackman expressed enthusiasm about fostering unprecedented partnerships that would yield prosperity for both Barbadians and Togolese.
He remarked on the historical significance of rekindling connections with Africa, stressing that this initiative should transcend emotional ties by generating tangible success. Senator Blackman commended Togo’s advanced infrastructure, particularly its port in Lomé, recognized as the largest in West Africa.
He further noted that Lomé port has seen exponential growth in cargo handling, increasing from 300,000 twenty-foot equivalent units in 2013 to 1.5 million by 2019. This operational efficiency allows cargo clearance within 12 minutes, demonstrating the potential for Barbadian businesses to leverage such capabilities. Togo, known for its strategic significance, was also the site of the Lomé Conventions, essential trade agreements between the European Union and several countries in the Caribbean and Pacific.
In summary, Barbados is actively seeking to enhance its relations with Togo by exploring trade and cultural exchange opportunities. Senator Chad Blackman emphasizes the importance of leveraging Togo’s advanced infrastructure for the benefit of Barbadian businesses, particularly young entrepreneurs. Building partnerships with Togo is seen as a strategic move to benefit both nations economically and culturally, with a focus on maximizing the opportunities presented by Togo’s dynamic market.
Original Source: barbadostoday.bb
