TRADE PORTAL NEWS

TRADE PORTAL NEWS

  November 30, 2017

STORY HIGHLIGHTS

• With support from the World Bank, Botswana is improving trade facilitation with a recently launched trade portal aimed at generating more trade and investment

• The Botswana Trade Portal makes it easier and less costly for the private sector to move goods and services from one side of the border to another

• With the launch of the trade portal, Botswana is moving towards full compliance with the new World Trade Organization Trade Facilitation Agreement to promptly and transparently make trade-related information accessible to the private sector

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GABORONE, March 15, 2016 – With the launch of a new trade portal, the Botswana government is lowering trade costs, decreasing time to do business and easing customs cooperation when moving goods and services in and out the country. With the support of the World Bank, the portal is also expected to contribute towards increased trade and investment.

The main objective of the Botswana Trade Portal is to make it easier for traders and investors to comply with regulatory requirements associated with the importation and exportation of goods as well as in helping Botswana comply with the World Trade Organization (WTO) Bali Agreement on Trade Facilitation.

“The establishment of this trade portal forms a key part of the World Bank Group's new Country Partnership Framework for Botswana to help generate export-led diversified growth and employment, as well as the promotion of private sector-led jobs intensive growth,” said Guang Zhe Chen, World Bank country director for Botswana.