Opportunities lost as Botswana misses AGOA train
Friday, April 22, 2016
From over 6,000 eligible products Botswana only exports textiles under AGOA
AGOA is a unilateral trade arrangement by the U.S for African countries. The benefits provided by the scheme have allowed for an average of around 70 percent of all imports from sub-Saharan Africa to enter the U.S duty-free.
Although Botswana has most of the factors that are required to be eligible for AGOA, local businesses are still lagging behind when it comes to international trade, particularly in exporting to the United States of America.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...