AfCFTA won’t be used for dumping, Kgafela assures :: Mmegi Online

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.