In September, the Trade Hub conducted a Trade Data Analysis Training in Maseru, Lesotho to train technical staff at Lesotho's Ministry of Trade, Industry, Cooperatives and Marketing (MTCIM) and other relevant stakeholders working on trade issues. The two-day training was designed to enable participants to analyze trade policy issues and trade data, enhancing country trade negotiations.
The ability to conduct high quality analysis of trade data is essential for trade and for industrial policy making. Countries must know precisely what they are exporting and importing.
Government officials must know where to obtain trade data, how to analyze it and how to formulate policy recommendations based on this data. Similarly, sound international marketing strategies by the business sector are based on qualified analysis and assessment of trade data.