Barbados is enhancing diplomatic ties with Togo to explore trade and cultural exchanges. Minister Chad Blackman has asserted the importance of leveraging Togo’s growing economy and infrastructure for Barbadian businesses. The initiative aims to create opportunities for both traditional businesses and young entrepreneurs, ultimately generating mutual benefits for the citizens of Barbados and Togo.
Barbados is seeking to strengthen its diplomatic relationships with Togo, aiming to explore new prospects in trade and cultural exchanges, as informed by Minister in the Ministry of Economic Affairs and Investment, Senator Chad Blackman. The minister emphasized the potential benefits that Togo’s growing economy and modern infrastructure could offer for Barbadian entrepreneurs during the reception of a Togolese delegation at his office.
Senator Blackman articulated the goal of this initiative to foster business opportunities not only for established companies but also for young entrepreneurs in Barbados. He stressed the importance of understanding how local businesses can penetrate the Togolese market and urged the private sector and creative individuals to identify regulations that would facilitate this process.
He further highlighted the necessity of forging beneficial partnerships, stating that this relationship aimed to provide substantial advantages to both Barbadians and Togolese citizens. The Minister remarked, “Now is the time for us to really rekindle our lineage with Africa… in a way that brings tremendous success and opportunity to Barbadians and equally on the reverse side to [Togolese].”
In addition, Senator Blackman addressed Togo’s significant infrastructural advancements, particularly its port facilities in Lomé, which is noted to be the largest port in West Africa. He indicated that the efficiency of the port, which can expedite cargo clearance within 12 minutes, is an asset that Barbadian businesses should leverage for their benefit.
The Lomé port has experienced remarkable growth, with cargo volumes skyrocketing from 300,000 TEUs in 2013 to 1.5 million TEUs by 2019. This port serves as a regional hub and competes vigorously with other notable ports such as Lekki in Nigeria and Abidjan in Côte d’Ivoire. Togo, being a pivotal site for significant trade agreements, stands as a strategic partner for Barbados.
In summary, Barbados is taking proactive steps to enhance its diplomatic and trade relationships with Togo, highlighting the mutual benefits that can be unlocked for both nations. By leveraging Togo’s modern infrastructure and growing economy, Barbados aims to create new business opportunities, particularly for its younger entrepreneurs. The collaboration seeks not only formal diplomatic ties but also to bring tangible advantages to the citizens of both countries, paving the way for a successful partnership.
Original Source: barbadostoday.bb
