Lesotho is signatory to a variety of trade agreements, which afford expanded access to regional and International markets. As a member of the World Trade Organisation (WTO), Lesotho is committed to the implementation of WTO agreements, including the progressive liberalisation of trade.
Marginalization in international trade and to improve their participation in the multilateral trading system. Lesotho took over coordination of LDCs in the WTO in July 2007.
Negotiations have been concluded for the MERCOSUR – SACU FTA. The agreement accords specified goods from SACU countries preferential access into the MERCOSUR market, which comprises South America countries Brazil, Argentina, Paraguay and Uruguay.
In July 2006 a SACU – European Free Trade Area (EFTA) Agreement was signed, which will result in the free trade between SACU and EFTA, consisting of Iceland, Liechtenstein, Norway and Switzerland.
Lesotho has preferential access to 260 million consumers in the Southern African Development Community (SADC) market.
The United States has traditionally provided a ready market for Lesotho’s exports of apparel, and this trend was significantly enhanced with the inception of the African Growth and Opportunity Act (AGOA), which provides eligible African countries duty and quota free access to US markets.
Lesotho is a signatory to the Cotonou Agreement, which is being renegotiated with the aim of creating FTAs between the African, Caribbean and Pacific (ACP) and the EU.
Lesotho already enjoys non-reciprocal duty free access to the EU under the Everything But Arms (EBA) initiative. The EU Intergration Support Programme for Lesotho is aimed at creating capacity to utilize the benefits of trade liberalisation, with a grant to Lesotho covering the period 2002 to 2007.
Lesotho also has preferential access ( quota and duty free) to the lucrative Canadian market for all eligible goods manufactured in the country, as well as the highly concessionary Generalised System of preferences, (GSP) to Japan, Nordic and other developed markets.
For more information contact
Lesotho National Development Corporation (LNDC)
Private Bag A96, Maseru 100
Tel: (+266) 22312012/ 52000214/ 52312012
Fax: (+266) 22310038