Masisi calls for equitable trade
Friday, May 05, 2023 | 130 Views |
Speaking out: Masisi
Delivering a presidential lecture at the World Trade Organisation (WTO) in Geneva, Switzerland this week, Masisi said the imbalance left less developed countries with no option but to continue surviving on the crumbs that fall from the tables of developed countries.
“Africa expects the WTO to facilitate fair trade that allows African countries to participate equally in the global world of trade,” the President said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...