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Botswana-China enjoy good relations

patriot by patriot
January 3, 2021
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Botswana-China enjoy good relations
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Botswana and China are enjoying good bilateral trade relations that date back to 1982, says  Chinese Ambassador to Botswana Dr Zhao Yanbo. Giving a keynote address at the 25th annual Business Botswana Trade Fair in Francistown,Yanbo said when trade between the two nations resumed the total trade volume stood at around 500 000 US Dollars.

Yanbo indicated that the trade volume between China and Botswana has increased drastically over the years and it went up to a whopping 269 000 000 US Dollars in 2018, an increase of over 500 times. “It is rare to attain such growth in trade between two countries, however we must admit that trade between the two nations still has more potential. According to China statistics within the SADC region, trade volume between China and Botswana accounts to 0.3 percent and in Africa as a whole the trade volume between the two countries accounts to 0.14 percent which is very low,” he explained.

Furthermore, Yanbo said another way of expanding trade volumes between the countries is through investment adding that studies that have been carried out in the past have clearly shown that trade and investment complement each other. He insists that trade development can create a conducive environment for investment and through trade; foreign prospective investors can familiarize themselves with local trade laws and regulations.  Yanbo showered Botswana with praises for being politically stable and having sound legal system that attracts foreign investors.

He observed that since President Mokgweetsi Masisi ascended to power in April last year, Botswana has adopted numerous policies with the aim of improving business environment and attracting foreign direct investment. The current regime, Yanbo said, has become more open to the world at large and because of the open policy more Chinese business people have set up in Botswana. The two nations’ cordial relations nearly soured recently when former president Ian Khama visited the Dalai Lama in India. Masisi’s administration tried in vain to block Khama’s trip fearing the backlash from China. Khama decided to use his own resources to travel to India after the government refused to sponsor the trip. China and Dalai Lama have been feuding over the sovereignty of Tibet and the former views the Dalai Lama as a separatist. China which has the second largest economy after USA, wants the world to accept that there is only one China and no independent states of Taiwan and Tibet.

For Botswana to enhance economic and trade cooperation with China, Yanbo opines that the country should   take part in the regional and international economic integration. He added that, “Botswana should also positively participate and promote competitive economic development in the region and globally,” he said.

Meanwhile, Business Botswana President, Gobusamang Keebine urged local entrepreneurs to tap into the available market in China to export their products. Keebine noted that China needs over 1 billon eggs in a day which present a lucrative business opportunity to export eggs to China. “We have a challenge due to our small population which is only two million and therefore it means our local market is saturated. We need to have an outward look in order to utilize markets available in foreign countries,” said Keebine. 

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  • Skelemani mishandled Kgosi Mosadi Pan African Parliament furoreMarch 22, 2023
    Adam Phetlhe The ravaging inferno sparked by the purported resignation of Kgosi Mosadi Seboko from the Pan-African Parliament (PAP) is fuelled by the Speaker of the National Assembly, Phandu Skelemani mishandling the matter. Had he performed due diligence on […]
  • Ithuba to roll-out LottoMarch 22, 2023
    STAFF WRITERS editors@thepatriot.co.bw Ithuba Solutions Botswana is waiting with bated breath for an announcement on the issuance of a lottery license, by the Gambling Authority, following the successful conclusion of negotiations in December 2022, The Patriot on Sunday has […]
  • BDP rejects Living WageMarch 22, 2023
    BAKANG TIRO editors@thepatriot.co.bw Ruling Botswana Democratic Party (BDP) MPs on Friday defeated the motion proposed by MP for Nkange constituency Dr Never Tshabang, proposing for government to introduce a living wage, which will be adjusted according to the cost […]
  • Uganda passes a law making it a crime to identify as LGBTQMarch 22, 2023
    Report by Elias Biryabarema Reuters Uganda’s parliament passed a law on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. More than 30 […]
  • Ian Khama to receive African Icon Award  March 22, 2023
    KT Press Former Nigerian President, Dr. Goodluck Ebele Jonathan will headline other African greats who are set to be honoured at the maiden edition of The African Heritage Concert and Awards slated to hold in Kigali, Rwanda on April […]
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