Small economies like Botswana stand to benefit from an enlarged Southern African Development Community (SADC) membership, Ministry of Finance and Development Planning permanent secretary Serwalo Tumelo said last week.
Responding to media enquires during a briefing he conducted with the SADC executive secretary, Prega Ramsamy, following a closed meeting of the SADC Council of Ministers, Tumelo explained that it was not easy to attract investors into the country because the market is small.
However, he added that Botswana can benefit from the growing size of the SADC as the area will be viewed by investors as a single market.
According to Tumelo, the advent of globalisation demands that countries bargain as a bloc, and he noted that the enlarged regional bloc would help member states share experiences on issues of development as the members are at different stages of development.
The current membership of the SADC includes Angola, Botswana, Democratic Republic of Congo, Lesotho, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe. Madagascar is also set to join the group after a recommendation by the Council of Ministers to the heads of state.
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