The Government of Rwanda has set out an ambitious agenda to become a lower middle income country, operating as a service based hub by the year 2020. Achieving this goals means exploiting the opportunities made available with regional integration along with creating a dynamic and competitive private sector, for which institutional capacity can flourish.
Following a Cabinet Decision on October 7th, 2016, the Ministry of Trade and Industry together with the Ministry of East African Community was merged to form the Ministry of Trade, Industry and East African Community Affairs (MINEACOM). The goal of MINEACOM is to achieve Rwanda’s 2020 vision through civil society and private sector engagement. This means facilitating business through regional integration and ensuring the growth of a productive, middle class of entrepreneurs as part of a service and knowledge based economy. Key objectives of the new Ministry include:
· Coordinating reforms aiming at easing doing business in Rwanda;
· Coordinating all activities related to bilateral cooperation agreements on trade promotion and investment;
· Coordinating, organizing and supervising the implementation of domestic trade policies and trade strategies;
· Advising the government on nation
· Coordinate and support implementation of Rwanda’s EAC integration commitments;
· Increase the awareness and understanding of EAC integration in Rwanda.
MINEACOM with its highly dedicated leadership and committed staff serves as an operational link between the Rwandan Government and national stakeholders, along with other institutions and organs. Creating strong partnerships, building public knowledge on EAC integration and Trade, and increasing links between regional and national plans, will continue to be a key aspect of ensuring effective community engagement and developing a progressive human resource base, for which the private sector can continue to experience sustained growth.
The merger is a strategic way forward for maximising efficiency of delivery on EAC integration in addition to poverty reduction and private sector development in Rwanda.