Botswana firms urged to utilise AGOA

Almost all AGOA exports are dominated by textiles
Almost all AGOA exports are dominated by textiles

The deputy chief of mission to the U.S Embassy in Botswana, Tim Smith has encouraged local businesses to take advantage of the African Growth and Opportunity Act (AGOA).

AGOA is a United States (U.S) Trade Act, enacted on May 18, 2000 that enhances market access to the U.S for qualifying sub-Saharan African countries. Speaking at a recent U.S market access engagement event organised by the American Business Council (ABC), Smith said the U.S government offers significant resources and market access to Botswana companies.

He noted that the engagement was to raise awareness on the tools available so that local businesses can take advantage of U.S government’s commercial offerings as well as U.S market access under the AGOA arrangement.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

Have a Story? Send Us a tip
arrow up