What partnerships can achieve
Partnerships can help achieve:
Policies that facilitate private sector development and investment
Economic, regulatory and administrative policies need to address the concerns of private sector, creating the environment for healthy business activity. Better functioning markets and clear rules and regulations improve local private sector performance and provide a favorable investment climate for foreign direct investment.
Private sector needs to be actively involved in designing such policies.
Improved capacity for entrepreneurship in developing countries
Most of the new investment needed to achieve the MDG of reducing hunger will be at farm level. Farmers often lack human and capital resources to start or expand their businesses.
Local private sector capacity can be enhanced by assisting farmers and other small businesses in improving their business knowledge and provide them with tools for better management.
Improved and sustainable agricultural production
Investment in primary agriculture is one way to increase incomes and reduce hunger. Over 70% of the poor live in rural areas and depend on agriculture for their survival.
Better technology and improved practices can help increase production and make it more sustainable. See, UNFIP
Consultative and regulatory processes and codes of conduct for responsible practices
In a globalized world, mechanisms for dialogue between public and private sector to address conflicting views and establishment of mutually agreed rules are important. FAO provides a forum to establish norms and regulations in the areas of food and agriculture and fisheries and forestry such as the Code of conduct on responsible fisheries, the International Code of Conduct on the distribution and use of pesticides and the Codex Alimentarius.
Stronger local agribusiness systems and improved markets
Local producers/firms are increasingly facing challenges imposed by private sector standards and are increasingly left out of global markets.
Large international corporations can help promote local production through integrating local producers/firms in their supply chains. FAO is already assisting local producers to be able to comply with the international norms and regulations to become more competitive in global markets.
More effective information systems
In todays globalized world, people rely on various information systems to be able to compete in world markets and expand their reach. Market information systems for example, are essential to develop and expand trade in commodities. See, Globefish
Worker tending tomato plants in a greenhouse in a private, commercial company.
Who is the private sector?
From individual farmers to global enterprises, including foundations and non governmental organizations (NGOs) representing business.