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Thursday, 09 July 2015

Botswana & EU discuss EPA negotiations progress

Botswana Minister of Trade and Industry and coordinator of the SADC EPA Group Vincent Seretse met with European Union Trade Commissioner Cecilia Mamstrom to discuss the finalisation of Economic Partnership Agreement (EPA) negotiations between the EU and the Southern African Development Community (SADC).They  reiterated their full commitment to the conclusion of the process leading to the signature, ratification, and subsequently entry into the force of the EPA.  They also discussed the upcoming World Trade Organisation 10th Ministerial Conference to be held in Nairobi, Kenya, and other trade issues of mutual interest to the two parties. Commissioner Malmstrom said the EU has set aside funds to assist the SADC states in implementing the EPA upon its entry into force and that Botswana was eligible to benefit to the tune of € 2.6 million (P28.8 billion).  However, before the disbursement, the EU side urges Botswana to come up with proposals to motivate for the release of the funding.

Source: en.starafrica.com