Trade, not aid, for Africa

贸易,而非援助,才是非洲之需

World Business Report

2025-07-11

26 分钟
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单集简介 ...

As the UK government targets developing nations with new trade measures, we hear from trade minister Douglas Alexander on whether it can prove to be a workable lifeline for African countries affected by western states cutting their international aid budgets. David Harper speaks to Dr.John Asafu-Adjaye of the African Centre for Economic Transformation in Ghana on how US president Donald Trump's 'trade not aid' policy is being received on the world's second largest continent. Elsewhere we find out how the price of coffee could rise sharply with The White House's threat to put 50 per cent tariffs on imports from Brazil. And will recent cyberattacks and power cuts ensure many countries don't turn away from the old fashioned fall back of cash. The latest business and finance news from around the world, on the BBC.
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  • Hello and welcome to World Business Report from the BBC World Service.

  • I'm David Harper and on this edition we'll hear from Douglas Alexander the UK Trade Secretary in just a moment on an effort to improve trading ties with developing countries and whether it can really balance cuts to aid spending from many richer nations.

  • We'll also be getting reaction from an expert in economic transformation in Africa and after seeing incidents where cyber attacks and power cuts have restricted our access to electronic payments,

  • should we be less keen to reduce our use of physical cash?

  • We've been looking at some initiatives to ensure we can do just that.

  • But first, in the last 12 months,

  • we've heard governments in the developed world drastically cut overseas aid budgets.

  • USAID has been abolished since Donald Trump returned to the White House,

  • with a dramatic effect on the funding of overseas projects.

  • And in February,

  • the UK Prime Minister Keir Starmer announced that Britain will reduce its aid spending from 0.5% of gross national income to 0.3% in 2027,