Togo: South Korean Prime Minister was recently in Lomé

Economic governance

Friday, 03 November 2023 19:15

Togo: South Korean Prime Minister was recently in Lomé

(Togo First) - South Korean Prime Minister, Han Duck-Soo, was recently in Togo on a prospection mission. The two-day meeting was aimed at bolstering cooperation between Lomé and Seoul.

Duck-Soo arrived in the Togolese capital on Monday, October 30, and on the same day met with Victoire Tomegah-Dogbe, Prime Minister of Togo. The two delegations, on that occasion, reviewed their nearly 60-year relationship and looked at ways to deepen it, especially in the agriculture, security, energy, digital, education, and professional training sectors.

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"The current government wants to share the experience it has acquired, over the last 70 years, regarding the help, support, and backing of the international community that has enabled Korea to go from being one of the poorest countries in the world to becoming the Korea it is today," Han Duck-Soo said.

During his stay, the Asian official visited the Port of Lomé, which according to him “can serve as a gateway to West Africa".

He then went to the Institut de Formation en Alternance pour le Développement dedicated to building trades (IFAD-Bâtiment) in Adidogomé, as well as the IFAD Energies Renouvelable (IFAD-ENR) site, which is being completed. "At the Vocational Training Institute, I was able to see the efforts being made to develop local industries and welcome foreign industries. This training in civil engineering and renewable energies is really targeted at the field, and I think it's training that's heading in the right direction," Duck-Soo said.

"There are many areas where we can cooperate. You have strong government goodwill, you have the necessary infrastructure, and the policies are very well constructed. These are all areas of cooperation that we can work on together, and I'm very optimistic about the future partnership between our two countries," he declared at the end of his tour.

Han Duck-Soo, as instructed by his President, invited PM Tomegah-Dogbe to the Africa-Korea Conference scheduled for 2024. He also asked for Togo's support for his country's candidacy to the World Heritage Committee for the 2023-2027 term and the 2030 Universal Exhibition.

On the sideline of the 60th anniversary of the Togo-South Korea cooperation, the Asian nation has supported several projects launched by the African government. For example, Seoul recently backed the Agropolis of Kara and financed the "equitable sustainable access to essential services for children in the North" project.

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REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.