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{
    "id": 924866,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/924866/?format=api",
    "text_counter": 152,
    "type": "speech",
    "speaker_name": "Mwingi West, WDM-K",
    "speaker_title": "Hon. Charles Nguna",
    "speaker": {
        "id": 13445,
        "legal_name": "Charles Ngusya Nguna",
        "slug": "charles-ngusya-nguna"
    },
    "content": " Yes. I am saying trade deficit is not always necessarily bad but, when it is so consistent each and every year, we have worry on how to bridge this deficit. It is worth to note that, out of all this, we can only bring this deficit down by first taxing imports heavily and subsidising our exports yet this goes against the principle of free trade which is anchored in many bilateral agreements. Good governance, for instance, good legal or justice systems will invite what we call “direct foreign investments”. This way, we are going to produce more in our country. I watched a documentary last evening about a farmer who has been rearing chicken. Truly, it is regrettable to note that we are actually importing chicken and eggs from Uganda, a small thing like a toothpick from South Africa and, many more imports. We cannot even count. With proper incentives, we can encourage our local farmers to start producing and exporting more. It is worth to note that even our commercial attachés in different parts of the country are not really helping our people to ensure that they are exporting what is good. Huge trade and The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}