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In the ten years leading up to 2013, quinoa prices nearly tripled on the back of skyrocketing international demand for the latest 'superfood'. The grain had traditionally been cultivated in the high Andean plateau, principally for household consumption. But as prices rose, farmers' incentive to sell it as a cash crop grew. ”
Through the SITA initiative, we are building bridges between India and East Africa by taking Indian companies to these countries to see with their own eyes what the opportunities are. ”
Our key objective is to remove obstacles to trade. ”
We survey companies and ask them what the barriers to export and import are. Once we map these barriers, we sit down with the companies on one side and the government and regulatory agencies on the other and help them identify obstacles to trade and what has to be done to tackle them. ”
Technology is making it easier for women to connect to business opportunities around the world. Legal obstacles must not be allowed to stand in their way. That's not just because it's economically smart. It's because discrimination shouldn't be the law. ”
I have been talking to trade ministers in various countries who all say that gender inclusivity is important to them. We need to make this importance visible to the rest of the world and catalyse action towards more inclusive trade. ”
Policy and business elites did not speak frankly about the unequal distribution of benefits from trade and failed to adequately accompany market-opening with good domestic policies to equip displaced workers to upskill, adjust, and share in the new opportunities being created. ”
The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly predicted in economic theory - that trade would harm some people even while leaving society as a whole better off. The result was overpromised benefits and inadequate adjustment plans. ”
There are bridges that we have built not only between individual companies but also between associations. This will keep business and investments flowing. ”
Exporting firms are more productive and pay higher wages than their domestically focused counterparts, especially in places like Sub-Saharan Africa. If firms manage to thrive in world markets, they tend to increase their productivity even more. ”