First Diagnostic Trade Integration Study of South Sudan releasedFeb 16, 2016
South Sudan is getting ready to build domestic competitiveness and leverage regional and international trade. The Ministry of Finance and Economic Planning and the United Nations Development Programme (UNDP) have launched the Diagnostic Trade Integration Study (DTIS). A tool which will serve to create sustainable economic development in the country.
“In the agriculture sector, we need to urgently tap into the opportunities offered by the local market through import substitution, developing value chains and look for exporting opportunities in the regional and international markets. Similar opportunities abound in the tourism, energy and mining sector,” said the Deputy Minister of Finance and Economic Planning, Hon. Mary Jervase Yak.
Prepared as a national trade policy, the DTIS will also support channeling of multilateral trade-related development assistance in South Sudan.
“Trade is not just about oil and big business. It is also about the women who sell dry fish in the market, the young boy who dreams of opening his own company, and the girl who dreams of owning a hotel. The trade we talk about is not just making South Sudan competitive, it also about making South Sudan attractive,” expressed the Deputy Special Representative of the UN Secretary-General, Resident and Humanitarian Coordinator, and UNDP Resident Representative to South Sudan, Mr. Eugene Awusu.
The report is a practical guide on how to integrate trade into South Sudan national development strategies, and leverage its comparative trade advantage as a powerful engine of inclusive growth.
“The peace agreement provides us with a historic opportunity to develop our tourism sector, build up tourism infrastructure, and create new job opportunities. Even though the energy sector is capital intensive and upstream and may not yield immediate results on the employment front, it is a fundamental springboard for economic activities to take off in the country,” added Hon. Mary Jervase Yak.
The DTIS Action Matrix will allow the Government of South Sudan to act on recommended reforms over the next three to five years and as the Deputy Minister of Finance, Hon. Mary Jervase Yak, confirmed, the Government is committed to take all the recommendations of the DTIS report forward.