"No-deal Brexit could unlock value for Botswana"

Thursday, April 18, 2019

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.

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.

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