Botswana's foreign minister, Phenyo Butale, emphasized the need for enhanced strategic investments from the EU during a ministerial meeting in Brussels. He called for deeper cooperation to improve trade relations as Botswana faces a challenging economic landscape due to high US tariffs on its diamond exports and a recent contraction in its economy. With hopes for a recovery in the diamond market, Butale believes this partnership could benefit both Botswana and Europe, despite existing trade challenges. The commitment to good relations with the US remains strong, according to Botswana's minister.
There is room for us and Europe and Belgium to reimagine this relationship and ensure that we improve our trade and ensure that Botswana and Europe benefit mutually from this relationship.
Lauded for decades as the world's fastest-growing economy, Botswana's diamond exports are second only to Russia.
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