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Wednesday, 01 June 2016

Historic EU trade deal to be signed in Botswana

Southern African Development Community (SADC) and the European Union (EU) have wrapped up negotiations for the Economic Partnership Agreement (EPA), and are expected to sign the agreement next month. This was said by Gemma Mbegabolawe, a chief trade officer at the Ministry of Investment, Trade and Industry, at the EU-SADC EPA workshop held in Gaborone on Tuesday. “The signing ceremony for the EU-SADC EPA is scheduled for June 10, 2016, in Kasane,” she said. Mbegabolawe stated that this will be a historical event that would mark a great achievement and a milestone, not only for the SADC EPA states, but for the whole SADC region. The agreement is expected to be implemented ahead of October 2016, when the market access regulation expires. Four of the seven SADC EPA states, Botswana, Lesotho, Swaziland and Mozambique, are negotiating for liberalisation of the services sectors with the EU.

Source: mmegi.bw