Trade/Investment


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Projects which have the potential to fulfill Lesotho´s wider macroeconomic and development goals are encouraged. Priorities include diversification of the industrial base to include manufacturing enterprises other than the garment and apparel subsector, with government focusing development on areas where Lesotho has a comparative advantage and therefore stands a chance of competing with the rest of the world.

The introduction of new production techniques and transfer of technology are important considerations, with joint venture arrangements between Basotho and entrepreneurs and foreign investors vigorously encouraged, particularly with regard to projects such as telecommunications infrastructure and housing development. Regional markets are being developed for export in addition to existing international agreements. The Republic of South Africa is seen as having great potential, with labour-intensive export-focused manufacturing to be targeted.

 

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