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{
    "id": 614334,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/614334/?format=api",
    "text_counter": 179,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "are living in a time where most of the trade barriers have been removed in many trading blocs. Free movement of merchandise and goods has helped many countries to develop their economies. It is high time we ratified this and adopted this Sessional Paper so that countries will take advantage of that. We know that when there is delay at the border points - which this ratification will ease - it encourages corruption. This is because when goods cannot move across borders easily, that is when people device ways to do corruption. Therefore, this trade facilitation will bring more benefits. I urge Members to support it. The trade facilitation will also reduce trade costs. We know that this remains very high because of the slow movement of goods and bureaucracies that are increased between borders. We also know that small and medium size enterprises (SMEs) lose a lot. They cannot compete with the big corporations and multinationals. Since some of those SMEs export goods, this will help them to grow because goods will move faster and they will grow their base. Based on evidence from 141 countries over a period of 10 years, there have been improvements in trade facilitation and inward flows of foreign direct Investments and foreign trade. Every country that wants to grow has to encourage the inflow of foreign direct investment. When you create an enabling economic climate by addressing security and infrastructure, you make it easier to do business. When you have an educated, but cheap labour force, you create an atmosphere that attracts investments and then reduces taxation. That is what most countries have done to change from Third World to First World countries. Very recently, China was a developing country. It joined WTO not long ago and because of following the rules of WTO, having cheap labour, well-educated people, good infrastructure and low taxation, China is the second largest economy today. The largest economy on the globe is United States of America (USA) followed by China, Japan, Germany, France and Britain. We have also the emerging economies of the BRICS like Brazil, Russia, India and South Africa. They are catching up because they have done the same. So, let us ratify those trade agreements to make the world economies grow. Let us also be very aggressive in trying to work with WTO so that we can grow our economy by addressing those key areas I have addressed; security, infrastructure, educated work force and an easy environment to do business where taxation is reasonable. Once we do this, we are home and dry. Kenya will move from a Third World country like Singapore did and the Tigers, to the First World country within a generation. With those few remarks, I support."
}