Rwanda: Industrial Sector Growth to Narrow Trade Deficit

28 November 2012

The government is buoyant that despite its fragility, the industrial sector has the capacity to narrow the country's huge trade deficit to help the country achieve a middle income status by the year 2020.

Minister of Trade and Industry, Francois Kanimba, believes that the sector's contribution to Growth Domestic Product-GDP which has been growing in recent years indicates that with more reforms, the sector would bring in more foreign exchange receipts needed to narrow the import-export deficit.

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