EU trade deal key to FDI attraction

McGovern
McGovern

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.

Editor's Comment
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It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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