• Linkdin

Botswana invites Chinese investment in textile sector

19 Apr '12
1 min read

Botswana has invited Chinese textile investors to set up their manufacturing plants in the country.

During a ceremony to sign Double Taxation Avoidance Agreement (DTAA) with China, Botswana Minister of Finance and Development Planning, Kenneth Matambo, said it would benefit both countries if Chinese textile and other investors set up their production units in Botswana.

The Minister said there is a notable level of bilateral trade taking place between China and Botswana. But, a lot of untapped opportunities for investment, particularly in textile and other manufacturing sectors still exist, which need to be exploited, the Minister added.

He further said that China is a global leader in the textile industry and Botswana would offer several advantages to Chinese investors including one of the lowest tax rates in the southern African region.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search