Duty-free access to the U.S. market under the combined AGOA/SPG program is approximately 7,000 product tariff lines. He said the decision to establish a single market by merging free trade zones between COMESA, ABC and SADC was first taken in 2008, after recognizing the importance of a larger market to stimulate inter-regional trade and attract investment. Duty-free trade with a common external tariff for goods entering any of the countries outside SACU if Botswana has a trade preference agreement with a country or region, you can pay less or have better conditions if you export to that or that region. On other issues, Mr Seretse said that in 2016 Botswana had exported 997 million P997 million goods to its main trading partners in the tripartite region, excluding SACU Member States and, at the same time, 1.9 billion P99, a negative trade deficit of 945 million P945 million. He said phase 2 would cover trade in services, trade-related issues, including intellectual property, and competition policy, through the negotiation of an agreement on the free movement of persons in parallel Phase 1 negotiations. Ngwenya said that the heads of state and government were aware that open markets would not increase the regional share of world trade and would not contribute to poverty reduction, which is why they have adopted an approach to the development of regional integration, rooted in three pillars such as market integration, industrial development and infrastructure development. Industrial products (including fish and other seafood) and processed agricultural products. Commodities are covered by bilateral agreements with the various EFTA states, Seretse said the first phase of the negotiations included key issues of the Free Trade Agreement (FTA) on customs liberalisation issues, rules of origin, customs procedures and simplification of customs documentation, transit, non-tariff barriers and other technical barriers and dispute resolution. The tripartite initiative has three pillars that are followed simultaneously to ensure an equitable distribution of the benefits of regional integration: market integration, infrastructure development and industrial development. Initially, the free trade agreement will only cover trade in goods; Services and other trade-related sectors will be addressed in a second phase. „Industrial development, infrastructure development and trade facilitation are some of the key priority areas of the tripartite free trade agreement, in recognition of supply restrictions, poor connectivity and high costs of activities in the region,“ he said.
A free trade agreement with 85% duty-free trade in 2008. The 15% of trade that constitutes the „sensitive list“ is expected to be liberalized from 2009 to 2012, when CDIC reaches full free trade agreement status, in which almost all tariff lines will be exchanged duty-free. provides for the parties to negotiate and sign agreements on health and plant health measures (SPS), customs cooperation and technical barriers to trade (OTC). In addition, a forum will be created for the integration of issues of common interest, including capacity building and promoting trade and investment. SADC Executive Deputy Secretary Dr. Thembinkosi Mhlongo said the tripartite free trade agreement has the potential to boost trade in Africa and accelerate development by creating a huge internal market of about 700 million people, with an estimated gross domestic product of more than $1.4 trillion. The Secretary General of COMESA, who was also chairman of the tripartite task force at the signing ceremony, said the agreement would reduce barriers to trade between the 27 member states and pave the way for the integration of the African continent.