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Tuesday, 13 September 2016

EU optimistic about SADC

The potential for private sector investments on the African continent especially in the Southern African Development Community (SADC) region is huge – and turning the tables for the economic good in Africa is not as hard as some might think. Ambassador Alexander Baum, Head of Delegation of the European Union to Botswana and SADC made the case for the regional governments in a statement when responding to a questionnaire from the Voice Money. Voice Money had wanted to know if the SADC governments and citizens should have faith in the European Union (EU)-SADC Economic Partnership Agreement (EPA). A total of six SADC states signed an EPA with the EU on June 10 2016 at Kasane. According to the economic partnership agreement, EPA SADC states members have been granted a golden opportunity to export goods and services into the lucrative European market on a duty free, quota free basis. And for the economic partnership deal to come to a fruition, Baum advised SADC governments to create some regulatory environment that is conducive for the private sector to embellishment and craft the much-needed employment opportunities in the country.

Source: thevoicebw.com