Equatorial Guinea Enhancing Agricultural and Economic Sector
Ministry of Agriculture and Forestry Leads Promotion and Development of Private Sector
MALABO, Equatorial Guinea, May 3, 2011 /PRNewswire-USNewswire/ — Equatorial Guinea’s (Republica de Guinea Ecuatorial) Ministry of Agriculture and Forestry, led by Teodoro Nguema Obiang Mangue, recently chaired the Chamber of Commerce Forum between the Chambers of Equatorial Guinea and the economic entities to discuss the promotion and development of the private sector.
Agriculture as well as the private and economic sector development are at the forefront of Equatorial Guinea’s efforts to diversify its economy and meet the goals of the government’s Horizon 2020 development plan. The country is working to become an emergent and sustainable economy by 2020.
The meeting focused on the importance of the Chamber of Commerce of Equatorial Guinea, trade, commerce and inflation, and the rights and obligations of employers and employees. By developing the private and economic sector, Equatorial Guinea is ensuring an enduring national economy that will lead to further business development in the country.
Equatorial Guinea‘s fertile soil and tropical climate are conducive to high yield agriculture. The country produces a diversity of crops today, including coffee and cacao and other products such as lumber and coconut oil. The country also has extensive coastline and fisheries and untapped mineral resources.
About Equatorial Guinea
The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country’s oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country will host the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.
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SOURCE Republic of Equatorial Guinea