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Botshabelo Mafatlhane has also reiterated that most countries across financial globe would be depending on a sole area of strength for survival as far as export and import were concerned. He said that as far as Botswana is concerned major areas of strength in this respect are beef and diamonds.
Botswana primarily exports beef to a number of countries in Europe. However, of late beef exports of Botswana have been failing to meet required levels as a result of credit shortages in countries that have traditionally been its prominent beef export partners. Botshabelo Mafatlhane also stated that Botswana has been successful to generate a market in USA for textile commodities manufactured by it. It can be expected that this would come in handy in near future.
For global governance watchers, this was the big week of the year. Between 7 November and 16 November, the world witnessed an APEC meeting in Yanqi Lake near Beijing complete with a bilateral China–Japan ‘breakthrough’ and a major US–China climate deal; an historic ASEAN and East Asia Summit held in Naypidaw, Myanmar; and a colourful G20 meeting in Brisbane, Australia. Notwithstanding the chorus of those announcing growing disorder, global order seems better off after these summits. Read more
Jeffrey D. Sachs,
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