Ministry of Trade, Investment and Industry Launches the AGOA National Response Strategy for Botswana with Support of the U.S. Government
Gaborone, 5th September 2017: The Honourable Minister of Trade, Investment and Industry Vincent Seretse will give the keynote address at 8:30 am at the Gaborone International Convention Centre to officially launch the AGOA National Response Strategy for Botswana, which is designed to increase trade between Botswana and the United States. The African Growth and Opportunity Act (AGOA) offers duty-free access to the U.S. market from Africa for over 6,500 products and was designed to boost trade and economic growth across the continent.
The U.S. Ambassador to Botswana Earl Miller will also speak at the launch in support of AGOA and the close collaboration between the United States and Botswana on important trade and investment activities supported by the United States Agency for International Development (USAID). The USAID Southern Africa Trade and Investment Hub in particular works throughout the region to improve livelihoods and economic growth by increasing access to trade and broadening investment.
AGOA is the United States’ cornerstone trade initiative with sub-Saharan Africa and a strong symbol of U.S. partnership with the region. The ten-year extension of AGOA to 2025 offers the private sector a rare opportunity, as no previous AGOA legislation has offered such a long time horizon.
Botswana’s AGOA National Response Strategy will prioritize key sectors for potential trade expansion to the United States including Handicrafts (Arts and Crafts); Horticulture and Agro-processing; Jewellery and Semi-Precious Stones; Leather and Leather Products; Natural (Indigenous) Products; Meat and Meat Products; and Textiles/Apparel. The Ministry of Investment, Trade and Industry recognizes AGOA as an opportunity to diversify Botswana’s industries and economy. Readying businesses to export to the United States also prepares companies to engage in increased regional trade in order to reap the lucrative benefits of exporting to South Africa and other neighboring countries.