Low participation in world trade root cause of global problems Trade Minister says in Geneva
Sierra Leone’s Minister of Trade and Industry, Alhaji Usu Boie Kamara (in photo), has said that the myriad of problems plaguing the world today can be tied down to the fact that the proportion of developing countries participating in world trade is less than 1% and there is the objective to double the percentage by the year 2020.
The Trade Minister made the statement while addressing a high level South-South Cooperation review meeting recently held in Geneva.
Alhaji Boie noted that in almost everywhere in the world today, people talk about poverty and other things which afflict countries leading to deprivation of rights, terrorism and some other things.
“If somebody is self-sufficient to some extent, that person will have little time for perpetrating evil things,” the Trade Minister remarked, furthering that it is very important that the world pays attention to trade as it is the gateway to improving the well being of people all over the world.
Boie pointed out that all countries in the world participate in trade to increase the well being of their people and to some extent the well being of others.
Usu Boie observed that there has been a wide disparity in trade between developing countries and that there is need to narrow the gap.
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