Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Economy

Botswana looks to EU for trade and investment

17 Oct 2023 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Botswana is preparing to enhance its trade with the European Union (EU), which has been relatively low and not diversified to date, as well as entice companies to establish production facilities in the country.

Botswana Investment and Trade Centre (BITC) chief executive officer, Keletsositse Olebile, said government had been proactive in entering into bilateral and multilateral trade agreements, which were active and enforced through the Southern African Development Community (SADC).

He was speaking at the opening of the Global Expo Botswana (GEB) 2023 earlier this month.

Olebile assured the EU business community that Botswana could give them access to more than 293 million consumers across the SADC region.

He added that through the Southern African Customs Union (SACU), Botswana had signed a number of sub-agreements with regional groupings around the world, indicating that SACU had an agreement with the Mercado Común del Sur (MERCOSUR) countries which includes access to South American countries.

He also said SACU has an agreement with the UK after Brexit and it had agreements with the Common Market for Eastern and Southern Africa, better known as Comesa, the largest regional economic organisation in Africa, with 19 member states and a population of about 390 million.

Furthermore, Olebile said Botswana was a beneficiary under African Growth and Opportunity Act (Agoa), which gave it unlimited product lines to export to the US and lastly the African Continental Free Trade Area.

Olebile said it effectively suggests that should the EU business sector come to Botswana to produce any product, the agreement would give them preferential access to almost all markets across the globe.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

MANufacturer invests R48 million in electric buses

Logistics
Road/Rail Freight
Technology

It’s the first net-zero production site, five years ahead of the parent company’s 2030 sustainability target.

23 Apr 2025
0 Comments

South Africa to contend for IMO seat

Logistics
Sea Freight

SA was not elected to the IMO Council in 2023 when its seat was contested by 25 member states.

23 Apr 2025
0 Comments

Tariff turmoil triggers DHL suspension of some shipments

Logistics

Shipments exceeding the $800 threshold, regardless of their origin, were likely to face multi-day delays.

22 Apr 2025
0 Comments

Namibia ‘seals’ deal with guaranteed export potential

Imports and Exports
Technology

The operation would involve harvesting seals to produce raw oil and fish feed from by-products.

22 Apr 2025
0 Comments

Freight industry awaits Port of Cape Town wind report

Logistics
22 Apr 2025
0 Comments

IMF chief calls for reset of global trade relations

Economy

Georgieva warned that protectionism harmed innovation and long-term productivity, particularly in smaller economies.

22 Apr 2025
0 Comments

Customs imposes stricter compliance enforcement

Customs

Warnings of possible penalties were also published through various channels, as well as warning letters issued to specific Customs clients.

22 Apr 2025
0 Comments

Tar balls wash ashore from MSC Baltic III

Sea Freight

Salvage operations of the vessel are still under way two months after the boxship ran aground in stormy weather off the Canadian coast.

22 Apr 2025
0 Comments

SA-Bots Copperbelt border: another day, another hassle

Border Beat
Road/Rail Freight

The catch-up game stakeholders cautioned about is now in full view for all to see at the Martin’s Drift Border Post.

17 Apr 2025
0 Comments

Richards Bay breaks record with 30 million tonnes moved

Imports and Exports
Logistics

“Lithium is at the top of our list.” – Thula Dlamini, TPT managing director for Richards Bay Terminals.

17 Apr 2025
0 Comments

Law enforcement on high alert

Road/Rail Freight

Road traffic authorities across the country are bracing for a busy weekend on major routes.

17 Apr 2025
0 Comments

Transporters continue with hazardous pollution in Komatipoort

Road/Rail Freight
17 Apr 2025
0 Comments
  • More

FeatureClick to view

Road & Rail 27 June 2025

Border Beat

Forum tightens net against border corruption
25 Jun 2025
Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

Multi-Modal Controller

Tiger Recruitment
JHB North
27 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us