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Botswana invites Chinese investment in textile sector

19
Apr '12
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


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