EPA creates impetus to boost local industries
Tuesday, June 14, 2016
Speaking in Kasane at the signing of the EPA between the European Union (EU) and SADC, commissioner for trade, Cecilia Malmström, said there are some challenges in getting the most out of the agreement that include making legal changes to open markets.
She said this involves lowering tariffs over time, and making changes that will allow people to take advantage of the opportunities that the EPA provides.
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...