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{
    "id": 924824,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/924824/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Alego-Usonga, ODM",
    "speaker_title": "Hon. Samuel Atandi",
    "speaker": {
        "id": 13290,
        "legal_name": "Samuel Onunga Atandi",
        "slug": "samuel-onunga-atandi"
    },
    "content": "This causes the National Treasury to look for avenues of shielding foreign exchange shocks and actually encourage borrowing. Basically, we are talking about confusion. I would like to urge the sponsor of this Motion to probably think of writing a Bill that is going to be implemented, so that we can put it in law. That is the way we want to restrict our trade deficit. Otherwise, we are simply going to be talking and trade deficit is going to expand. As I said, there are countries that are seriously thinking about addressing this issue and we can learn from what they are doing. One of the things that Ethiopia is doing is to focus more on exporting finished products. They are not merely exporting raw products like we are doing. We need to find a way in which we can export more of our finished products, value-added products and invest in value addition so that we can export more. People out there are keener on finished products, namely, what Kenya is sending out there. Let us invest in the right places and then we will be able to address the trade deficit. I support the Motion."
}