Mmegi Online :: "No-deal Brexit could unlock value for Botswana"
Banners
Banners
Banners
Banners
Last Updated
Wednesday 22 May 2019, 19:50 pm.
Banners
"No-deal Brexit could unlock value for Botswana"

Botswana could export up to US$199 million (P2.1 billion) more than it is presently doing to the United Kingdom, should that country exit the European Union (EU) without an orderly deal.
By Mbongeni Mguni Thu 18 Apr 2019, 13:04 pm (GMT +2)
Mmegi Online :: "No-deal Brexit could unlock value for Botswana"








Experts at the United Nations Conference on Trade and Investment (UNCTAD) this week said a ‘no-deal Brexit’ would generally harm developing countries whose trade ties to the UK are presently covered under the EU trade agreements.

However, countries such as Botswana can take advantage of the higher tariffs their developing nation rivals for the UK market will find themselves being charged in the event of a no-deal Brexit.

In addition, Botswana stands to benefit over other developing nations exporting to the UK, as Gaborone is finalising a continuity deal that will ensure the retention of the preferential access to the UK, previously granted under the trade deal with the EU.

Investment, Trade and Industry minister, Bogolo Kenewendo told the last sitting of Parliament that the continuity deal was 95% done, with only two issues outstanding.  Botswana is chairing a group of six southern African countries negotiating with the UK for continued preferential

Banners

access after Brexit.

In the year 2016, when the numbers were last available, Botswana exported just over a P1 billion worth of products to the United Kingdom, mainly being diamonds, followed by beef.  For the same period, Botswana imported products worth P890 million from the UK being diamonds for cutting and polishing, machinery and equipment as well as chemicals.

“Many of the countries that are beneficiaries of unilateral preferences and have already signed continuity agreements with the UK are the ones which will benefit the most from a no-deal Brexit,” UNCTAD researchers said.

“The rationale is straightforward.

“These countries will benefit from the higher tariffs applied to competitors in countries which have not yet signed continuity agreements.” In her address to Parliament, Kenewendo said negotiators were working hard to resolve the remaining issues with the UK in order to meet deadlines set for that country to finalise its EU exit.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Thu 18 Apr 2019, 13:05 pm
Thu 18 Apr 2019, 13:04 pm
Thu 18 Apr 2019, 13:02 pm
Thu 18 Apr 2019, 12:58 pm
Thu 18 Apr 2019, 12:54 pm
Tue 16 Apr 2019, 18:55 pm
Fri 12 Apr 2019, 18:00 pm
Fri 12 Apr 2019, 13:17 pm
Fri 12 Apr 2019, 13:13 pm
Fri 12 Apr 2019, 13:13 pm
Fri 12 Apr 2019, 12:58 pm
Mon 08 Apr 2019, 13:49 pm
Fri 05 Apr 2019, 18:00 pm
Fri 05 Apr 2019, 12:41 pm
Fri 05 Apr 2019, 12:34 pm
Fri 05 Apr 2019, 12:32 pm
Tue 02 Apr 2019, 16:04 pm
Fri 29 Mar 2019, 18:00 pm
Fri 29 Mar 2019, 14:27 pm
Fri 29 Mar 2019, 14:24 pm
Fri 29 Mar 2019, 14:23 pm
Fri 29 Mar 2019, 14:22 pm
Fri 22 Mar 2019, 18:00 pm
Fri 22 Mar 2019, 13:00 pm
Fri 22 Mar 2019, 12:54 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Next
    Masa Centre
    ::: Thursday 23 May - Thursday 23 May :::
  • Previous
    Next
    Riverwalk
    ::: Thursday 23 May - Thursday 23 May :::
  • Previous
    Next
    Gamecity
    ::: Thursday 23 May - Thursday 23 May :::
Selefu
Your excellency
Banners
Banners