Sector Plan for Trade 2013-2017

Abstract

Trade sector plays a significant role in the country’s growth and development through its contribution to the Gross Domestic Product (GDP). The sector has linkages with all other sectors of the economy by creating a channel through which goods and services move from the producers, manufacturers and to the final consumer. In addition, Trade creates employment opportunities in the informal, retail, and wholesale trade sub-sectors thus contributing to poverty reduction by making it possible for many unemployed youth, women and vulnerable groups in society earn a living. By encouraging and supporting Medium Small and Micro Enterprises (MSMEs) to participate in exports of merchandise to the international markets, the sector enables them access more favorable prices in these markets thus supporting growth of the economy. Due to the importance of the sector in contributing to economic growth and poverty reduction in the country, the sector has been prioritized among other sectors to contribute to the envisioned 10 per cent economic growth and the realization of social economic development and equity. During the Second Medium Term Plan 2013-2017, the sector has identified several projects and programmes whose implementation will support growth of GDP and poverty reduction...