Economie

Frank talk.. Sumaya Sayed..the foreign sector and reform


On the performance of the external sector for the first half of this year, a report issued by the Central Bank of Sudan confirmed that the trade balance deficit decreased from 2.1 billion dollars for the same period in 2020, to 1.2 billion dollars during the first half of this year.
The report also confirmed an increase in the value of non-oil exports for the first half of this year to reach 2.52 billion dollars.
There is no doubt that these indicators with regard to the external sector are good compared to the economic conditions that the country is witnessing, as a result of the inherited economic crisis, its continuation and exacerbation after the demise of the former regime, and the economic complications due to the Corona pandemic and its direct impact on the export sector.
A number of economists underestimated the impact of these indicators and their lack of reflection on the current situation, in terms of the fact that the exports of the traditional sector represented in agriculture and livestock are still weak in return, and that the Central Bank resorted to including the gold exporter within the non-oil exports to raise the volume of exports as shown in the report.?
It is true that the increase in exports of crops and livestock was slight during the first half of this year. However, it is considered a good performance calculated by the Ministry of Trade, which has shown its interest in promoting Sudanese exports, according to a strategic plan that it has actually begun to implement.
The draft single window for export procedures under the supervision of the Ministry of Commerce, which studies for it by ESCWA, if implemented, will have a significant impact on increasing the volume of exports, as it reduces procedures and stops intersections between the authorities responsible for export in the country.
It was hoped that livestock exports would achieve a higher percentage than what was stated in the official report, in terms of the external openness that the country witnessed, and the commitment of a number of countries, led by Arab and Gulf countries, to support the transition in Sudan by improving economic relations and trade exchange, which are countries that constitute traditional markets for Sudanese exports, and this It is the challenge before the Ministry of Commerce during the coming period.
It is necessary to study the defect that accompanied the reluctance of traditional foreign markets for Sudanese goods, and to put in place adequate treatments to return to these markets and open new markets.
According to the report of the Bank of Sudan, gold exports recorded a remarkable increase in the first half.
It is true that gold exports amounted to $300 million instead of $175 million for the same period in the previous year, but certainly these are very modest numbers compared to the large production.
There is nothing wrong with repeating the demand for the state to take control of gold exports and to stop the systematic smuggling by enacting laws and penalties. There is also nothing wrong with repeating the demand for the government not to rely on the outside to solve the economic crisis.
All the possible solutions here at home are a national program with a clear vision to support the production sectors.. easy, quick and inexpensive solutions.. just need strong political will.

The next day

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