Arab-Africa trade to boost pharmaceutical sector

Marcus Amudipe
Marcus Amudipe

 

The Arab-Africa Trade Bridges Program on Friday concluded its business matching activity which was aimed at strengthening the pharmaceutical industry.

The event which was hosted in Tunisia was done in partnership with the Tunisian Ministry of Economy and Planning.

According to the Chief Executive Officer of ITFC and Secretary General of AATB, Eng. Hani Sonbol, “The primary goal of the event is to strengthen trade and investment relations between the African continent and the assistance packages aimed at increasing trade exchange between the two regions.

“As the pharmaceuticals and medical devices sector offers cross-broader growth opportunities, the AATB program is focused on nurturing trade in this critical sector.” He added.

This event shows that AATB is especially interested in the pharmaceutical sector in the region. It also adds to the work that is already being done with the African Organization for Standardization to harmonize African standards to make it easier for pharmaceuticals and medical devices to be traded within Africa.

It was also a chance to talk about the huge potential of the Arab and African pharmaceutical markets, form business partnerships, and make it easier for companies from both areas to work together.

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