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On May 5, 2022, trade and finance ministers from East African Community (EAC) member countries agreed to raise minimum common external tariffs from 25 to 35 percent on several agricultural products.
Two-way agricultural trade between the United States and Southern Africa has grown significantly in the past decade, reaching a record $1.5 billion in 2017.
Agriculture accounts for about three percent of Botswana’s Gross Domestic Product (GDP) with diamonds and tourism the main contributors to economy.