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AfCFTA won’t be used for dumping, Kgafela assures

Confident: Kgafela does not expect the pan-African trade deal to cause dumping at home. PIC: PHATSIMO KAPENG
Confident: Kgafela does not expect the pan-African trade deal to cause dumping at home. PIC: PHATSIMO KAPENG

The Minister of Trade and Industry (MTI), Mmusi Kgafela says safeguards have been put in place to ensure that the country’s ratification of the (AfCFTA) deal does not result in dumping by other countries or crushing local businesses.

Last Sunday, President Mokgweetsi Masisi officially submitted the country’s instruments of ratification to the African Union (AU) Commission, ending a four-year journey of negotiations over the pan-African trade deal. Botswana was the 46th country to ratify the deal out of 54 African countries that signed the original African Continent Free Trade Area (AfCFTA) in 2018.

Kgafela said the AfCFTA provides protections such as anti-dumping provisions, countervailing and anti-countervailing as well as protection of infant industry that will cover local businesses from dumping, especially in key manufacturing sectors.

Editor's Comment
Kudos to Botswana Police Service, other security entities

“In any moment of decision, the best thing you can do is the right thing.”– Theodore RooseveltThrough the two-day event, over 700 athletes from 40 countries, and multitudes of spectators gathered in Gaborone to witness a world-class sporting spectacle.Beyond the medals and performances on the track, Botswana won something equally important: international respect. One of the key pillars behind the success was the sterling work done by the...

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