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Monday, 06 July 2009

Botswana - Beef trade picking up

Trade and Industry Minister, Neo Moroka has revealed that Botswana's beef is in such high demand in Europe that supply is inadequate. He said there is need for Botswana to improve its beef production to take advantage of this opportunity, which implies high prices for beef exports. Minister Moroka was briefing members of the press in the company of his assistant Duke Lefhoko, permanent secretary Barney Molosiwa and other officials. He said that this is an opportunity for Botswana to diversify the economy and reduce its reliance on diamonds. He said that Botswana, Lesotho, and Swaziland have signed an Interim Economic Partnership with Europe for their goods to access European markets with reasonable tariffs. This was done towards the 2000 Cotonou Agreement that ended on 31 December 2007. "The IEPA was recently signed between European Union and Botswana, Lesotho and Swaziland on the 4th June 2009 in Brussels," he said. He added that Mozambique was ready to sign but their trade minister was unable to travel to Brussels.
Source: Meat Trade News