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Most African business leaders have no confidence in WTO - Survey

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Photo credit: Fabrice Coffrini | AFP
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By  Lynet Igadwah

Business Reporter

Nation Media Group

What you need to know:

  • Top on the list of constraints for businesses are tariff and non-tariff barriers that hinder African firms from growing their market share at the world stage.
  • Only 4 per cent of CEOs believe that the WTO is highly effective.

Nine in every 10 corporate chiefs in Africa do not have confidence in World Trade Organisation (WTO) facilitating access to global markets.

More than 95 per cent of the 200 chief executives sampled in a survey by African Union-affiliated Pan-African Private Sector Trade and Investment Committee (PAFTRAC) said WTO is not effective in fulfilling its role.

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