Terms of the yet to be signed agreement between Botswana and Saudi Arabia with regards to export of small stock meat and its byproducts from the southern African country include preferential market access into the Saudi Arabian arcade.
Karabo Gare, Botswana’s minister of Agricultural Development and Food Security, made this revelation when addressing parliament Thursday on measures being taken by his ministry to transform the country’s economy following COVID-19 challenges.
“The terms of the agreement, once it is entered into force, are the tariff reductions and preferential market access of small stock meat and its byproducts from Botswana,” Gare told Botswana parliament.
The agreement also removes tariff and non-tariff barriers to trade, which will increase “the competitiveness of our small stock meat for transmission of value to local farmers,” said Gare.
In principle, the agreement entails Botswana producing small stock for sale and consumption in Saudi Arabia, he said.
Gare said the agreement recognizes the trade barriers and everything that has to do with export of small stock, price mechanism, logistics, quotas and various types of meat as well as exit arrangements and price dynamics, amongst others.
Three years ago, the leadership of Botswana hosted high level bilateral talks with some business entities from the Gulf Region and realize the potential market for small stock meat as an export initiative to augment diamond exports. Enditem