Rwanda and Democratic Republic of Congo entered a deal that will enable agri-business traders from both nations penetrate market without border restrictions.
The deal was signed between Rwanda Private Sector Federation (chamber of farmers) and Congolese Farmers-Concessioners Association for Development in Congolese City of Goma.
According to the agreement, the two parties will cooperate in promoting cross-border trade by identifying and sharing market opportunities for agricultural products.
President of the Chamber of Farmers at PSF Christine Murebwayire said both parties agreed to share expertise among the trade leadership as well as enable joint investment to enhance trade.
Murebwayi said the deal is “a great opportunity for us as Rwandan farmers,” .
“DR Congo has a potential market for our products and we hope this agreement will ease doing business between our traders.” she said
She said the deal will help them get data on cross-border business as well as identify the challenges affecting traders so as to ease efforts to seek permanent solutions.
DR Congo is among Rwanda’s top export destinations. A recent study by Rwanda Ministry of Trade and Industry on informal cross-border trade estimated that total informal exports and imports were about $47 million and $21 million, respectively.