Business News of 2014-02-20

GEPA seeks more access for Ghanaian products into China

Ghana Export Promotion Authority (GEPA) said it is working to enhance access of Ghanaian products into the Chinese market but urged Ghanaian exporters to improve standards and quality of products to be able to take advantage of the huge opportunities.

Mr Gideon Quarcoo, Chief Executive Officer of Ghana Export Promotion Authority (GEPA), said while there were clear signals that China was ready to partner Ghana, the responsibility lies on Ghanaian entrepreneurs to take advantage of the offer.

“China is a worthy trade partner and Ghana is on the horizon of a new relationship but all depend on exporters readiness to explore that market,” he said.

Mr Quarcoo was speaking at a review forum of the 6th China Yiwu Forest Products Fair, which brought together exporters and institutions, which participated in the fair to share their experiences and map the way forward.

GEPA, under the auspices of the Ministry of Trade and Industry and in collaboration with the Ghana/China Friendship Association (GHACHIFA), co-ordinated the participation of over 50 Ghanaian entrepreneurs and institutions in the 2013 China-Yiwu International Forest Products Fair held from November 1 to 4 at Yiwu in the Zhejiang Province of China.

It was the first time Ghana participated in the Fair, which has attracted over 1,300 enterprises from 24 countries and regions and 21 domestic provinces, municipalities and autonomous regions in China, as well as forest industry groups.

Mr Quarcoo said while GEPA was promoting the country’s non-traditional export items, there was also the need for exporters to explore technology transfer and investment to add value to enhance competitiveness in the global market. He said Ghanaian entrepreneurs and their Chinese counterparts must learn to understand each other’s laws and business practices, adding that the future was bright despite the challenges.

Mrs Agnes Gifty Adjei-Sam, Deputy Director Research and Trade Information GEPA, in a report said Ghana’s participation in the Yiwu fair was highly successful as seen in the keen interest shown by China in Made-in-Ghana Products.

She said following the successful participation, GEPA had received and was studying a Memorandum of Understanding from the organisers of the Yiwu Fair for a permanent collaboration and partnership. .