Maputo meeting: CPLP approves proposal for constitution of Arbitration Court

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Maputo meeting: CPLP approves proposal for constitution of Arbitration Court

1:08 CAT | 14 May 2018

Notícias

Entrepreneurs of the Community of Portuguese Speaking Countries (CPLP) recently approved in Maputo proposals for the creation of an Arbitration Tribunal to settle conflicts between CPLP members both inside and outside the community.

The new body aims to reduce the time it takes to resolve conflicts currently resolved beyond the CPLP’s jurisdiction.

The constitution of a CPLP manual of ethics and compliance was also approved, as a way of guaranteeing transparency in business dealing between the different countries.

Speaking at the first CPLP Market Economy Conference, Minister of Industry and Commerce Ragendra de Sousa said that the Mozambican government would use the contributions and instruments resulting from the conference, and that he believed they would contribute to the development of the national economy.

In similar vein, CTA president Agostinho Vuma said that the conference would stimulate trade in the CPLP, thus boosting the growth of all markets.

In parallel to this event, women entrepreneurs from the EC-CPLP met to discuss socioeconomic problems at an event run by the Federation of Women Entrepreneurs (FME) under the motto “Growth in the Feminine: How to boost the CPLP market to various geographies”.

During the conference, participants voiced their positions on topics such as the ability of communication to change reality, social development as the basis of the economy of the CPLP and the union between member countries, and concluded that unity among businesswomen was the only way out of the current challenges.

At the meeting aimed at unlocking problems, finding solutions and breaking stereotypes, CPLP Executive Secretary Maria do Carmo Silveira challenged women to invest in bolder business projects.

“Women should risk more! In addition to survival entrepreneurship we should invest in larger business projects,” she said.

The president of FME, Maria Assunção Abdula, likewise encouraged the entrepreneurs to work in a dynamic and collaborative way, believing that only in this way would the challenges that women face in social and business life be overcome.

According to the president of the EC-CPLP, Salimo Abdula, the initiative brought together in a single space different business decision makers to discuss investment dynamics, organisational objectives and mobility of goods and services in the CPLP community.

“The CPLP member countries need to be economically connected, because the economy is the pillar for the development of any society,” Abdula said.

He stressed that, rather than debating the agenda, the meeting should present and approve concrete proposals, such as the creation of an Arbitration Court.

The event was organised by the CPLP Business Confederation (CE-CPLP) in partnership with the Confederation of Economic Associations of Mozambique (CTA) and the Federation of Women Entrepreneurs and Entrepreneurs of Mozambique (FME).

The results of the 1st CPLP market economic conference will be presented at the Summit of CPLP Heads of State in Cape Verde next July.

Source: Notícias