Message from Ministry for Work on International Day of Cooperative Societies

To mark the International Day of Cooperative Societies, a celebration which takes place every first Saturday in July through United Nations provision, on 6th July the Minister for Work, Employment Promotion and Social Security, Celestino Bonifacio Bakale Obiang, read a message to the population on the importance of these societies.

Under the banner “Sustainable consumption and production of goods and services”, Celestino Bonifacio Bakale Obiang began his speech by saying that the cooperatives are an economic option which successfully combine production, the exchange of goods and services, and care for the surroundings and the environment, effectively applying the seventh principle of cooperativism, which is the commitment to the environment for lasting development.

Furthermore, he pointed out that despite the current global economic crisis, the creation of cooperative companies was a huge alternative in order to overcome these difficulties, as the cooperative societies create self-employment, with each person contributing their skills in order to produce goods and services.

In addition, it shows that teamwork is a starting point from which to improve our labour culture, as working together allows us to be more competitive on a national and international level.

Cooperative societies in many countries in Africa, Asia and Europe have been shown to be the best option for the production and exchange of goods and services, within an inclusive social context which protects the environment.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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