TO NEGOTIATE HARD TO AVOID GLOBALIZATION'S TRAP

Month after month, since 1997, Africabiz's editorial team endeavors to bring to the attention of African entrepreneurs, decision makers, would-be entrepreneurs and the international community of investors at large the fact that Africa is the continent for profit making business development.

A glance at the "Business Opportunity Section" shows how many projects are there to grab and assist the continent bridging the developing gap.

African countries, however, are, since one decade, confronted with the so-called Globalization or Free Trade - that is threatening their global agricultural and industrial development.

Free trade requires that developing countries accept to lower or simply suppress customs tariffs and barriers for imports and exports - on the false ground that the resulting boost on commerce and trading would trigger economic development and help fight against poverty.

We, at Africabiz Online, consider said free trade conceptualization as a misleading one, because reality proves one has to produce before being in the position to sell. Simply said, without proper production, African developing nation would not be in the position to sell any added valued products on the international marketplace. Click following link to read: Trade Facilities Alone Would Not Alleviate Poverty In Africa

Of course, developing countries are pushing hard to carve an internationally binding agreement under World Trade Organization's umbrella. They know they are the winners, having already reached a developed level that permits them to play with tariffs, customs duties and subsidies generously granted to their farmers and industrialists.

On their part, African countries cannot afford suppressing customs duties on imports and exports. Doing that without gaining accurately calculated compensations from the developed nations - and subsequently obtaining the suppression of subsidies - would be meeting problems and economic disaster halfway.

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