The government of Rwanda signed three agreements with Alibaba that will see exports from the African country reach consumers in the vast Chinese market. The platform is dubbed the Electronic World Trade Platform, and it went live on October 31, 2018.
Jack Ma, the founder of Alibaba and President Paul Kagame of Rwanda personally signed the document. As per the agreement, Alibaba will b working with the Rwanda Development Board to support SMEs.
After the signing of the agreement, done during a ceremonial event held on Wednesday last week, Rwanda became the first African country to join the Electronic World Trade Platform (eWTP). The eWTP platform is designed to drive public-private dialogue on online business and is part of a bigger plan by the World Trade Organization, the World Economic Forum, and the Electronic World Trade Platform.
“The Electronic World Trade Platform opens up new frontiers in e-commerce and tourism for Rwanda, and will also boost the capacity and competitiveness of our entrepreneurs and businesspeople,” said President Kagame.
“Rwandan producers will be able to sell directly to a much larger set of customers than before while bypassing costly intermediaries. …read more