{"id":429461,"date":"2024-07-19T15:12:18","date_gmt":"2024-07-19T12:12:18","guid":{"rendered":"https:\/\/sonna.so\/en\/?p=429461"},"modified":"2024-07-19T15:12:18","modified_gmt":"2024-07-19T12:12:18","slug":"minister-mareye-advocates-for-reciprocal-trade-agreements-to-boost-local-economy","status":"publish","type":"post","link":"https:\/\/sonna.so\/en\/minister-mareye-advocates-for-reciprocal-trade-agreements-to-boost-local-economy\/","title":{"rendered":"Minister Mareye Advocates for Reciprocal Trade Agreements to Boost Local Economy"},"content":{"rendered":"<p><strong>Mogadishu, SONNA<\/strong> \u2013 The Minister of Agriculture and Irrigation, Mr. Mohamed Abdi Hayir Maareye, announced a strategic plan aimed at balancing trade exchanges between Somalia and its international partners. Speaking at the National Media Week meeting, Minister Mareye emphasized the importance of promoting locally produced goods and reducing the outflow of cash from the country.<\/p>\n<p>Minister Mareye highlighted the government\u2019s commitment to encouraging domestic production to minimize the importation of goods that can be produced locally. \u201cWe are currently importing products that we can easily produce here in Somalia, such as meat, fruits, and vegetables,\u201d he stated. \u201cOur goal is to ensure that other countries will be compelled to accept our products in exchange for theirs.\u201d<\/p>\n<p>The minister outlined a comprehensive plan to facilitate trade exchanges managed by local traders. This initiative aims to create a more balanced trade environment where Somalia\u2019s exports are given equal importance as imports. \u201cA significant amount of cash is being sent abroad for imports,\u201d Minister Mareye noted. \u201cIt is crucial that we establish trade exchanges that benefit our economy and support our local producers.\u201d<\/p>\n<p>To achieve these goals, the government is conducting a thorough evaluation of the country\u2019s production capabilities. This assessment will identify which products can be produced domestically and which need to be imported. \u201cWe are focusing on what Somalia can produce and what it cannot,\u201d Minister Mareye explained. \u201cThis evaluation will guide our trade policies and ensure that we are making informed decisions that benefit our economy.\u201d<\/p>\n<p>Minister Mareye\u2019s plan also calls for increased cooperation with international partners. By establishing reciprocal trade agreements, Somalia aims to create a more equitable trading system. \u201cEvery country we get products from will be forced to take products from us,\u201d he asserted. This approach is expected to boost local industries and create more job opportunities for Somali citizens.<\/p>\n<p>Minister Mareye\u2019s announcement marks a significant step towards economic self-sufficiency for Somalia. By promoting local production and establishing balanced trade exchanges, the government aims to strengthen the national economy and reduce dependency on foreign imports. This initiative reflects a broader commitment to sustainable development and economic resilience in Somalia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mogadishu, SONNA \u2013 The Minister of Agriculture and Irrigation, Mr. Mohamed Abdi Hayir Maareye, announced a strategic plan aimed at balancing trade exchanges between Somalia and its international partners. Speaking at the National Media Week meeting, Minister Mareye emphasized the importance of promoting locally produced goods and reducing the outflow of cash from the country. [&hellip;]<\/p>\n","protected":false},"author":128,"featured_media":429462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-429461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local"},"_links":{"self":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/429461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/comments?post=429461"}],"version-history":[{"count":1,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/429461\/revisions"}],"predecessor-version":[{"id":429463,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/429461\/revisions\/429463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media\/429462"}],"wp:attachment":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media?parent=429461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/categories?post=429461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/tags?post=429461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}