Women to Win More Government Contracts Following WTO Agreement
Women entrepreneurs, with full or partial ownership of more than a third of global businesses, win just 1 percent of government contracts, according to Patricia Francis, executive director of the International Trade Centre.
The disparity is particularly pronounced in developing countries, although women in rich economies also get a disproportionately small share of such contracts, according to the ITC, the Geneva-based joint agency of the WTO and the United Nations. While 5 percent of federal contracts worth about $30 billion were to be allocated to female business owners in the U.S. last year, the actual number fell short of that figure.
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