SADC-EU trade deal kicks in
Wednesday, October 12, 2016
Beef is the biggest export to the EU after diamonds
As of Monday, the agreement will apply to trade between the EU and the five countries including Lesotho, Namibia, South Africa and Swaziland.
Mozambique is in the process of ratifying the agreement and will join in as soon as the ratification procedure is completed. Botswana’s main export, diamonds are not catered for in the deal but beef and other minerals such as copper and nickel will enjoy the duty free, quota free benefits from the deal.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...