The terms of the agreement yet to be signed between Botswana and Saudi Arabia concerning the export of small livestock meat and its by-products from the southern African country include preferential access to the Saudi arcade market.
Karabo Gare, Botswana’s Minister of Agricultural Development and Food Security, made the revelation during a speech to parliament on Thursday on measures his ministry is taking to transform the country’s economy following the challenges of COVID-19.
“The terms of the agreement, once in force, are tariff reductions and preferential market access for Botswana small-scale meat and its by-products,” Gare told the Botswana parliament.
The agreement also removes tariff and non-tariff barriers to trade, which will increase “the competitiveness of our small livestock for value transmission to local farmers,” Gare said.
In principle, the deal involves Botswana producing small stocks for sale and consumption in Saudi Arabia, he said.
Gare said the agreement recognizes trade barriers and everything related to the export of small stocks, the price mechanism, logistics, quotas and various types of meat as well as exit agreements and price dynamics, among others.
Three years ago, Botswana leaders held high-level bilateral talks with some trading entities in the Gulf region and realized the potential small cattle meat market as an export initiative to increase prices. diamond exports. Final element