Fixing trade imbalance: Govt seeks to grow service industry

Rwanda expects to bridge her trade deficit by a huge margin in the next six year aided by a surge in overseas service trade.Statistics from the Ministry of Trade and Industry point to a strong growth in the service industry with a projected surplus of US$22m (Rwf18b) by 2017 mainly due to a rapid growth in tourism receipts and business process outsourcing.
Cargo containers at Magerwa. Increased importation of capital goods has been key to the country's swelling trade deficit (File photo).
Cargo containers at Magerwa. Increased importation of capital goods has been key to the country's swelling trade deficit (File photo).
Times Reporter