Category : Economic Impact
While Botswana has enjoyed phenomenal growth rates over the last three decades, this growth has been underpinned by extractive industries and commodities with relatively limited value addition. Botswana’s limited market size makes trade a requirement for sustained economic growth. However, trade performance has been weak in non-traditional sectors and markets, with relatively low technology embodiment in exports. Trade policy needs to be supportive of diversified growth and become more proactive, in order to take advantage of markets outside of its immediate neighbourhood. Trade facilitation and logistics, as well as the business enabling environment require further improvements in order to take up the opportunities and be competitive in the world trading system.