Home Southern Africa Botswana Concerned About Likely Impact of US Sanctions

Botswana Concerned About Likely Impact of US Sanctions

12
The Botswana Unified Revenue Service (BURS) is urgently seeking new revenue streams, including a crackdown on major global e-commerce platforms such as Amazon, Alibaba, Walmart, Rakuten, and others involved in transactions worth millions of Pula.

(3 Minutes Read)

The Botswana Unified Revenue Service (BURS) is urgently seeking new revenue streams, including a crackdown on major global e-commerce platforms such as Amazon, Alibaba, Walmart, Rakuten, and others involved in transactions worth millions of Pula.

Botswana is facing a potential P2 billion financial shortfall after the United States imposed a 37% tariff increase on key exports, ranging from beef to textiles, under the Africa Growth Opportunity Act (AGOA).

The Botswana Unified Revenue Service (BURS) is urgently seeking new revenue streams, including a crackdown on major global e-commerce platforms such as Amazon, Alibaba, Walmart, Rakuten, and others involved in transactions worth millions of Pula.

Read Also:

http://trendsnafrica.com/botswana-and-afdb-deepen-strategic-partnership-to-drive-private-sector-led-industrial-growth/

For over 25 years, AGOA has provided Botswana with duty-free access to U.S. markets, significantly boosting exports like textile apparel, meat and meat products, handicrafts, jewellery, diamonds, and natural products.