The 2015 Inter-Governmental Authority for Development (IGAD) Business Forum is currently underway in Djibouti having started yesterday, Saturday February 14, 2015.
The forum organized jointly by Djibouti Chamber of Commerce and the IGAD Executive Secretariat aims to facilitate trade and investments in the Eastern Africa region.
The 2015 edition also has participants from other trade partners, such as the Middle East, Asia and Europe.
Currently, IGAD countries have agreed to expand regional businesses and are currently in the process to strengthen economic integration on the aim to attain the continental economic integration by 2063.
Youssouf Moussa Dawaleh, president of the Chamber of Commerce of Djibouti, said that his chamber has invited regional chambers of commerce to attend the event. “Other countries that are not a member of IGAD will also take part in the discussions,” he added.
“We are talking about several issues but the main focus is about setting up the arbitration and reconciliation center that is under formation by the Chamber of Commerce of Djibouti for the Common Market for Eastern and Southern Africa (COMESA) countries,” the chamber president said.
George Bermann, Law Professor at Columbus University, is known as an international arbitration expert and supports the formation of the arbitration center in Djibouti. He also presented a paper at the event.
Discussion between those in the business communities is also the other major part of the event that will create concrete relations between the larger business community.
Djibouti is currently the only country that has set up an international arbitration center on the continent.
The IGAD Business Forum (IBF) was first established in 2002 and re-launched in a conference convened in Kampala, Uganda on 4-5 May 2010.