Thu, 08 Dec 2016 07:15:43 +0000 By Sandra Machima REDUCING the price of food by 10 percent can lift nearly half a million people out of poverty in Kenya, South Africa, and Zambia alone, saving consumers more than $700 million per year, this is according to the United Nations Conference Trade and Development director of division on International Trade in Goods, Services and Commodities Guillermo Valles. Mr Valles said for trade to deliver the maximum benefits to the most people, there was need to better competition policies and stronger, more independent authorities. He said better competition policy protected consumers and the poor, saying now more than ever, competition matters for effective trade policy. More and healthier competition, on the other hand, could help achieve the Sustainable Development Goals, for example, by facilitating access to food. History had shown that market abuse was more likely when too few companies become too powerful, and that the consumer, […]
