Textiles anchors 53% jump in AGOA exports
Tuesday, January 27, 2015
According to the statistics from US Department of Commerce, exports to US under AGOA increased 53 percent from $5.5 million (P52 million) to $8.5 million (P80 million) in the first 11 months of the year, mainly on the back of increase in textile and apparel.
In the period, total exports to the US, which were dominated by mostly diamonds, increased 16 percent from $246.3 million to $286.4 million. While Botswana is empowered to export 6,500 products under AGOA, textiles have benefited the most, being easy to establish with a relatively low cost of labour.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...