source: The Botswana Gazette
The Commonwealth is providing technical assistance to help set up a modern free economic trade zone in a bid to diversify Botswana’s economy.
The proposed trade zone is in line with Botswana’s National Development Plan of Action, which aims to generate more employment, stimulate local business development, and contribute to poverty alleviation and sustainable development.
It is anticipated that establishment of the Free Zone (FZ)/Special Economic Zone (SEZ) will help attract more investment into the country and reduce Botswana’s economic dependence on its mining sector, notably diamonds.
FZs/SEZs are designated areas within a country where barriers to trade including tariffs as well as bureaucratic requirements are eliminated or minimized in the hope of [continue reading]
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