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Botswana has maintained one of the world's highest economic growth rates since independence in Although the economy recovered in , GDP growth has again slowed. Two major investment services rank Botswana as the best credit risk in Africa. Botswana's heavy reliance on a single luxury export was a critical factor in the sharp economic contraction of Tourism, financial services, subsistence farming, and cattle raising are other key sectors.
According to official government statistics, unemployment reached An expected leveling off in diamond production within the next two decades overshadows long-term prospects. A major international diamond company signed a year deal with Botswana in to move its rough stone sorting and trading division from London to Gaborone by the end of The move may support Botswana's downstream diamond industry.
He said with the recent closure of mines around Francistown, unemployment was on the rise Despite duty free access to the United States US market, exports from Botswana have virtually dried up due to inadequate awareness of the African Growth Opportunities Act AGOA programme and the high cost of compliance with technical regulations, standards and quality certification. Women in business have been encouraged to take advantage and participate in the lucrative US preferential trade scheme known as the Africa Growth and Opportunity Act AGOA for better profits.
Speaking this week during the validation workshop of the draft AGOA strategy in Gaborone, George Makore said the AGOA office should be headed by a coordinator to be assisted by experts in export development, investment promotion, and information dissemination. Apparel Quotas Sector Data: Apparel Trade Sector Data: Metals and Articles Sector Data: Botswana Economic Background Botswana has maintained one of the world's highest economic growth rates since independence in Organisation Government of Botswana.
Publish Date 01 September View details D Size: Fresh attempt to revive AGOA exports Despite duty free access to the United States US market, exports from Botswana have virtually dried up due to inadequate awareness of the African Growth Opportunities Act AGOA programme and the high cost of compliance with technical regulations, standards and quality certification.
Botswana advised to establish AGOA office Speaking this week during the validation workshop of the draft AGOA strategy in Gaborone, George Makore said the AGOA office should be headed by a coordinator to be assisted by experts in export development, investment promotion, and information dissemination. Site managed by raramuridesign.