The essence of supporting private sector development in Samoa
As the year draws to an end perhaps it would be remiss not to extend a token of appreciation to all the local businesses in the Private-sector that have endeavored against all odds throughout the year. By this we are referring to especially those businesses that have invested in adding value to locally sourced raw materials towards enhancing the quality and value of the products for both local consumers and export markets in the region and internationally. Running a business is similar to peddling a bicycle with passengers on the carrier.
The business owner has to endure sleepless nights in most instances figuring out how to generate profits for the products he is offering on the market. They also have to figure out how to pay rents, salaries, utility costs and of course taxes which are essential in sustaining a condusive business environment for them.
For those on the carrier of the bicycle such as the employees in most instances these challenges may not be so clearly visible because if they were, they would view the business as a crucial entity from which they derive their bread. Irrespective of which season the employer has to pay wages even if it means having to pool that off an existing loan arrangement with a financing entity.
Eitherway he has to continue peddling the bicycle up the hill down the hill, through valleys storms e.t.c.The ones on the carrier as they enjoy the ride may either appreciate this sacrifice and even offer to jump off and push the bicycle when its gets to a hill or simply opt to complain that the one ridding the bicycle isnot peddling hard enough.
Perhaps a similar scenario exists for those in responsible positions in Government considering they have to figure out inroads and solutions essential for creating a conducive business environment for all players in different sectors.
What that could involve could in for instance negotiations with foreign target markets having to be on the receiving end of any riddicle that may be lashed out at their country if their export products don’t meet the international benchmarks to enter into markets of those target foreign markets. In most instances they have to eat humble pie as they explain measures in the pipeline to enable exports meet the quality expectations of the target foreign markets.
This of course may not register well with some of their counterparts in the Private-sector in some instances but the peddling must continue for the common national good. The challenges of exporting from Samoa to anywhere in the world considering the distant geographic location to markets are very visible. But despite this, the critical importance of strengthening the export sector for the benefit economy is very essential considering all business players in Samoa are persistently battling for an economic breakthrough for their products everyday while in the hope of generating income for the economy and creating employment opportunities other citizens.
They continue in this endevaour perharps because they are aware that the more Samoa continues to solely rely on imports without exporting much means Samoa is contributing and or donating her financial capital to purchase of products manufactured elsewhere hence contributing to the sustainability of the companies in those economies producing and supplying those products and sustaining their employment opportunities for citizens of those nations. This has both its pros and cons considering Samoa isnot capable of producing everything.
Perhaps what keeps popping up in the mind of the Private sector peddler as he approaches a hill of an export market is a clear balance needs to be struck to ensure economic return for his business.
The Government peddler on the other hand could perharps be thinking of the economic benefit for the citizens in terms of employment created and increased foreign capital that will accrue to circulate within the economy once a new market is opened.
It is very essential to have foreign investors especially those that will focus on value addition to local products and services because this way perhaps more revenue would flow more towards Samoa from sales in foreign countries.
Its also very essential to consume locally considering this ensures that revenue circulates within the economy as opposed to when it flows out because of consumer preferences which ofcourse are a right. An ideal situation could perhaps be focusing any purchases s that are in return providing access to employment opportunities to Samoan citizens in productive or related sectors or supporting service sector development.
Perhaps it wouldn’t be such a bad idea in the peddling exercise to advocate for a bicycle design that enables enhanced shared partnership in the peddling exercise as opposed to old models where only the one at the front endured the peddling. Wishing all a Merry xmas to all as you peddle along into 2019.