EU trade deal key to FDI attraction

Wednesday, August 27, 2014

Botswana can use the recently signed landmark Economic Partnership Agreement (EPA) deal between SADC and the European Union (EU) to attract Foreign Direct Investment (FDI), outgoing Ambassador Gerard McGovern says.

The EPA, signed after years of intense negotiations, gives products manufactured in Botswana and six other SADC countries duty and quota free access to the highly lucrative 28 member market.

Speaking at a media ceremony held to mark the end of his assignment in the country, McGovern said the deal gives the country unlimited access to the EU and Botswana can use this platform to promote the country to foreign investors.

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EU trade deal key to FDI attraction

Botswana can use the recently signed landmark Economic Partnership Agreement (EPA) deal between SADC and the European Union (EU) to attract Foreign Direct Investment (FDI), outgoing Ambassador Gerard McGovern says.