The Evolution of Trade Policy in Botswana

Abstract

This article aims to assess the developments in Botswana’s trade sector, starting from the period after its independence in 1966. The assessment shows that while Botswana had initially adopted import substitution industrialization as the key strategy for its economy, the country now functions under the export-led strategy. This transformation has been supported by pro-trade policies and legislation, such as, the Vision 2016, the National Development Plan 10 (NDP 10), and the Industrial Development Policy, which have been implemented by the government in the recent years. The country’s membership in various trade agreements has also been of critical importance in influencing the country’s trade sector. Of these trade agreements, the Southern African Customs Union (SACU) and the Southern African Development Community (SADC) have influenced the country’s trade policy instruments significantly as Botswana is mandated to adopt free trade arrangements with its Southern African trading partners.