Nairobi, Sept. 14 -- 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 percent 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.
PAFTRAC is a lobby speaking for the African private sector on issues around trade and investment.
Top in 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.
"The current multilateral system has been unfair to Africa, a region which is home to 17 percent of the world's p...