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Monday, 16 October 2017

Botswana galvanizes efforts to derive UK/EU opportunities

As part of its effort to have access to United Kingdom (UK) and the European Union markets, Botswana’s investment arm, the Botswana Investment and Trade Centre (BITC) has launched a crusade to exploit the overseas market. The Executive Director for BITC’s International Business in the EU, Moemedi Mokgosi revealed that incumbent and potential exporters who are interested in exporting to the United Kingdom and European Union market have been invited to submit their updated company profiles. Mokgosi explained that the information in the documents should reflect products, scale of operation, location of operation countries of interest within the EU and key contact details for profiling and matchmaking. BITC through its export department is mandated to facilitate exports of locally manufactured goods and services into regional and international markets. Mokgosi said although growth is projected to be slow, the EU remains the largest economy in the world with a GDP per head for 25,000 Euro for its 500 million consumers. He explained that the average applied tariff for goods imported into the EU is very low. “More than 70 percent of imports enter EU at zero or reduced tariffs. The BITC UK office will create a database of Botswana exporters interested in in this huge market and from time to time gather in market intelligence regarding market entry strategies that could be employed and share with companies that are on our data base,” he said. Mokgosi said BITC’s UK Office would identify suitable trade fairs or sector specific fairs for the participating companies with a value add of facilitating matchmaking their products to potential buyers in the EU market.

Source: southernafrican.news

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