Africa-Press – Botswana. Botswana is stepping up efforts to diversify its economy as steep U.S. tariffs erode the competitiveness of its exports. The country’s main chamber of commerce says the levies, reduced in August to between 10 and 15 percent after diplomatic talks, remain high enough to hurt sales and threaten jobs.
Norman Moleele, CEO of Business Botswana, said the country is treating the trade dispute as a turning point. He warned that blocked exports would undermine employment but stressed that Botswana is exploring new partners.
Norman Moleele, CEO, Business Botswana:
Officials say talks with China and opportunities under the African Continental Free Trade Area could cushion the blow, while domestic reforms are underway to attract investment and broaden the country’s economic base.
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