Despite major gains in trade and market expansion, however, countries in the Southern African Development Community (SADC) still face significant obstacles to sustained economic growth. Many member states lack the physical infrastructure along with trade and investment policies to capitalise upon these trade agreements. In addition, cumbersome export/import procedures, high transportation costs, and preferential trade regimes all hinder investment and reduce productivity while negatively affecting the region’s economy, food security, livelihoods, and public health.
The Southern Africa Trade and Investment Hub, funded by USAID, will work to address these barriers and support Southern Africa to create a well-integrated regional economy that delivers tangible economic benefits and improved food security for the people of the region through increased global competitiveness, trade, and investment.
The USAID Southern Africa Trade and Investment Hub is the fourth generation of USAID projects focused on these goals.
The previous version of the Southern Africa Trade Hub made many contributions on behalf of the US Government to develop growth sectors including agribusiness, food processing, textiles and apparel, and infrastructure in Botswana and the entire SADC region.
This post was originally published at PAEPARD by François Stepman. It has been republished here with permission.