India, Pakistan Seek Fair Remittances
India, Pakistan, and others urge WTO for fair remittance transfers. They seek a multilateral framework for transparency and competition.
Ibrahim Hassan
East Africa Bureau Chief
Introduction to Remittance Transfers
India, Pakistan, Morocco, and the Africa Group have urged WTO members to commit to a fair and low-cost international financial system for cross-border remittances. Ahead of the ministerial conference, they called for a multilateral framework on transparency, interoperability, and competition in remittance services to reduce costs and promote trade.
The Need for a Fair System
The countries emphasized the need for a fair and low-cost international financial system to facilitate cross-border remittances. They believe that this will help reduce costs and promote trade, ultimately benefiting the people who rely on these remittances.
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SOURCES & REFERENCES
This article was researched and compiled by the PulseAfrica editorial team using information from international news sources including Reuters, BBC Africa, Al Jazeera, AFP, and local African media outlets. PulseAfrica is committed to accurate, balanced and independent journalism covering all 54 African nations in three languages.
