Business Forum 2022 / Africa calls for a new look at economic relations with Europe

The government, ambassadors, the European Commission delegation, representatives of technical and financial partners, senior representatives of the private sector, civil society, but also presidents of international institutions and the president of the Chamber of Kings and traditional heads of Côte d ‘Ivoire take part in the Business Forum 2022, at Sofitel Abidjan Hotel Ivoire, Cocody.

Transformation of African economies

This meeting is held on the theme: “Transforming the economies of West Africa through a strengthened partnership between the European and West African private sectors”.

A theme that highlights the need for not only economic transformation, but also and above all the original and crucial role that the national as well as the international private sector plays in the pursuit of sustainable resilience in economies and the improvement of living conditions.

“Africa, the continent hardest hit by these various crises, expects more from its economic partner, Europe.”

Unfortunately, the current international context, marked by the pandemic crisis and its socio-economic consequences, at the time of the war in Ukraine, is a real concern.

Africa, the continent hardest hit by these various crises, expects more from its economic partner, Europe.

The context of current crises therefore requires the various political and economic actors to reassess the situation.

Ivorian Prime Minister Patrick Achi seized the opportunity for Business Forum 2022, pointing out that the Ivorian economy offers countless opportunities for investors, both national and international.

Patrick Achi’s Prayer at the Business Forum

It is an opportunity, during this important meeting, to recall that the globalized world, as we have known, with regard to recent crises, whether it is the Covid pandemic or the war in Ukraine, has shown the limits of the globalized world. , which is moving more and more towards a multipolar world. In this multipolar gaze, Europe and a number of countries that used to analyze the African continent under the sole prism of risk reanalyze these views once again to consider that the conditions imposed on these consumers by sustainability produced agricultural materials imported into its soil, as well as securing asupply forces it to take a closer look at the African continent and especially at the dynamic West African zone of 400 million consumers;asks the Ivorian head of government, who also calls for action now with concrete investments, structured in strategic sectors that naturally meet the needs of both parties (Africa and Europe, editor’s note).

For this purpose, the moment seems to us to be ideal to do advocacy for significant mobilization of funding resources road, airport and railway infrastructure, ports to facilitate access to ever-larger markets important on the subcontinentadds Patrick Achi. The European Union we need ours remains a privileged partner for the countries of West Africa. The Economic Partnership Agreements between West Africa and the European Union, signed in 2014, have helped to strengthen this dynamic by promoting market expansion and improving the predictability and transparency of the regulatory framework for trade.

Business Forum with European companies and companies in the sub-region is a unique opportunity to further strengthen trade relations between Europe, Côte d’Ivoire and the sub-region on the one hand. and, on the other hand, to enable public and private actors in West Africa and the EU to develop local value chains with great potential for economic transformation and human progress.

“The Business Forum with European companies and companies in the sub-region is a unique opportunity to further strengthen trade relations between Europe, Côte d’Ivoire and the sub-region”

The African countries present at this meeting are only waiting for innovative and effective proposals that take into account the challenges of the moment, both at regional and international level, with a view to a win-win relationship.

Ultimately, Africa wants Europe to look away from classic places to see just a stone’s throw from its continent to realize that a few kilometers from the coast is its most strategic and important partner, the African continent. .

By 2020, the countries of the European Union represented more than 32% of Côte d’Ivoire’s trade.

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