OVER 400 stakeholders from public and
private sectors will deliberate on the nexus between application of local
content requirements and EAC industrialisation.
The
deliberation is staged to take part during the 2nd East African Manufacturing
Summit scheduled to take place in the last week of next month in Kigali,
Rwanda.
Local
content requirements have been used with varying degrees of success in many
countries in the world.
The
content policy requires firms to use at least a specified minimum amount of
domestically produced inputs into their production process with the aim to
enhance domestic industrial base, innovation, transfer of technology,
employment generation, production efficiency and a check against trade
imbalances.
EA
Business Council CEO Ms Lilian Awinja Most developed countries have employed
local content guidelines to boost domestic value addition. “Improving the value
chain of EAC Strategic Sectors is key for the region to reap benefits of local
content requirements” Ms Awinja said.
The
Summit provides an avenue for the private sector to share practical insights on
the linkages among local content, domestic value addition and promotion of
industries.
Local
content requirements in regard to public and private procurement of large
projects such as infrastructure can create high demand of locally manufactured
products as well as promoting of technology based business startups.
The
Summit also provides stage for discussion on cross cutting issues related to
manufacturing specifically financing manufacturing sector, standards and
quality management, industrial skills, technology and innovation.
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