Botswana seeks alternative markets as US tariffs erode export competitiveness
Officials say talks with China and opportunities under the African Continental Free Trade Area could cushion the blow, while domestic reforms are underway to attract investment and broaden the country’s economic base.
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00:00Botswana is stepping up efforts to diversify its economy as steep US tariffs erode the competitiveness of its exports.
00:10The country's main Chamber of Commerce says the levies, reduced in August to between 10 and 15 percent after diplomatic talks, remain high enough to hurt sales and threaten jobs.
00:22To export what we manufacture and which we thought would create employment, certainly then employment will be affected.
00:31We are negotiating, we're looking for alternative markets, we're talking to countries like China, we are part of the Africa free trade area.
00:40We are finding markets, developing markets in different areas of the world, to see to it that there are alternatives that we can rely on.
00:49Officials say talks with China and opportunities under the African continental free trade area could cushion the blow.
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