Botswana to improve efficiency in cross border trade
Wednesday, August 12, 2015
Bottlenecks along trade routes have been identified as some of the most stubborn obstacles to economic growth and development.
Botswana is the eighth WTO member to ratify the trade facilitation agreement whose aim is to ease border procedures and to facilitate the movement, release and clearance of goods.
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...