Africa is poised to benefit from a new strategy in which Sweden is proposing new development mechanism for Africa aimed at securing a win-win situation for developing economies.
“Direct aid, while not bad, should be supplemented with strong trade ties for sustainable development… I think we really need to change the system now and trade more,” says Swedish minister for Trade, Ms Ewa Björling.
Ms Björling told press in Dar es Salaam where she is visiting in company of Swedish Crown Princess Victoria.
The Swedish minister noted that the best way to build local economies in Africa and bring about prosperity is for the donor community to change from providing direct aid and opting for strengthened trade relations.
She added that changing from aid to trade would benefit both sides and help developing countries.
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