Investment opportunities in livestock sector in pakistan

Investment opportunities in livestock sector in pakistan

Posted: prokopen Date of post: 07.07.2017

P ublished by W ade P ublications CC. As an active member of many regional groupings and their associated trade agreements, Lesotho is provided with the opportunity to address obstacles posed by its limited domestic market and the scope to diversify its export markets.

investment opportunities in livestock sector in pakistan

At present, the country relies mainly on its larger neighbour as a source of imports and the United States as the market for its textile exports. Relatively strong growth in recent years has nonetheless not had a significant effect on poverty, inequality and unemployment, particularly outside the urban areas. As Lesotho is a member of the Common Monetary Area CMA and Southern African Customs Union SACUthere is a fixed exchange rate regime between itself and South Africa.

This loti-rand peg means that Lesotho has limited monetary policy, with the result that overall macroeconomic management is driven by fiscal policy. The country also benefits from SACU revenue, which once funded close to 60 percent of its national budget. Such revenues fell substantially in the aftermath of the financial crisis as imports of goods and services to SACU member countries declined.

As a share of GDP, SACU receipts registered Like other countries, Lesotho uses the Gross Domestic Product GDPas a measure of economic performance.

Lesotho also receives a significant amount of net transfers from abroad, mainly because of SACU receipts. Agriculture, which was once the mainstay of the economy and a major employment creator in rural Lesotho, has had to cope with drought and floods wrought by climate change.

investment opportunities in livestock sector in pakistan

The minerals sector, which is mainly focused on diamond mining and to a lesser extent sandstone, has over the past several years registered positive gains, with mining activities growing from 0.

Economic activity in the s was driven by the construction boom which accompanied the first phase of the Lesotho Highlands Water Project LHWPan extensive water transfer scheme to supply the needs of South African industry. Around the turn of the millennium the manufacturing sector, specifically the textile and apparel industry, took over as the primary source of foreign revenue and jobs, with its contribution to GDP peaking at Despite having been challenged by increased competition from Asian producers and concerns about the continuation of duty-free access to the US market, the industry has recovered substantially over the past two years.

To this end, the Government has embarked on the resuscitation of the Performance Monitoring System, with assistance from the United Nations Development Programme UNDP and the United States Agency for International Development USAIDin an effort to improve service delivery.

Positive steps have been taken in establishing agencies that operate on corporate governance systems with boards of directors, with the Lesotho Revenue Authority LRA having been a driving force in the improved collection of taxes in the country.

As such, Government adopted the following policy targets as priorities and a basis for resource allocation: As reported by the International Monetary Fund IMF in its World Economic Outlook WEO of Octoberglobal growth is forecast to rebound to an annual rate of about 3. The increase in growth is being driven by a recovery in advanced economies — particularly the United States — and emerging markets.

KPCCI highlights investment opportunities in livestock sector

Expansion in most emerging markets and developing economies is expected to be supported by the waning of temporary setbacks to domestic demand and production including geopolitical tensions and domestic strifepolicy support and the gradual lifting of structural impediments to growth, as well as strengthening external demand from advanced economies.

These projections imply a robust outlook for low-income developing countries such as Lesotho, with overall growth in these countries projected to exceed 6 percent in both and Domestic demand is expected to remain resilient as in recent years.

Output in the region climbed from 4. However, prospects vary across countries. However, external risks remain over continued international demand for diamonds and the renewal of AGOA, which is presently set to terminate in Developments in the domestic economy Duringgrowth in real GDP was estimated by the IMF to have slowed to 5.

While the primary sector deteriorated due to the slower performance of the mining and quarrying subsector, there was a positive contribution from the tertiary and secondary sectors. Growth came from construction, textiles and clothing, transport and communications, as well as financial intermediation. Construction and building received a boost from continuing work on the Metolong Dam as well as other government construction, while textiles and clothing responded to increased activity in the United States as well as the relocation of a number of South African based producers to Lesotho.

Inflation decelerated to an annual average of 5. However, by June inflation had risen to 6. The overall surplus is largely predicated on continued good performance in current transfers, with the trade balance going from a deficit of The current account deficit narrowed to M This improvement came largely from higher SACU transfers as well as interest earned by the Central Bank.

According to the African Economic Outlook, aggregate demand was buoyed by growth in gross capital formation GFCFpublic consumption and higher exports, with financial sector reforms improving access to credit and government capital investment. The government surplus in supported private investment, with government consumption increasing as a result of better salaries for state workers. Exports were also boosted by the depreciation in the exchange rate which enhanced international competitiveness.

It is anticipated that output growth in the medium term will be supported by fixed capital formation and net exports, and that the private sector will be crucial to the process, dependent upon continued structural reforms and an improved investment climate. In the medium term, there are expectations of recovery in the primary sector as a result of further investment in agriculture and accelerated output from diamond mining as operating conditions improve and robust demand in international markets, particularly the US, China and India, continues into Growth in the secondary sector should be driven once more by textiles and clothing as well as construction, in view of ongoing public infrastructure projects and the implementation of the second phase of the LHWP, which will include the generation of hydropower to serve domestic needs as well as the energy requirements of neighbouring South Africa.

Further growth is also anticipated in the tertiary sector, supported by strong financial intermediation, transport and telecommunications, and government efforts in health and social welfare. Export patterns Exports grew by 2. Exports of diamonds fell marginally due to capacity constraints stemming from a lack of electricity supply, which impacted negatively on the operations of the mines.

This was followed by the African market mainly South Africa with a share of This points to the need for further market and product diversification within the economy. Tax and financial incentives are as follows:.

Situated centrally in Southern 60 second binary options strategies course, Lesotho has access european stocks market cap a substantial consumer market in neighbouring South Africa as well as the more sophisticated transport and communication networks of its larger neighbour.

There are good road links to both the economic hub of Gauteng and the port of Durban on the Indian Ocean, and thus access to the wider international community, making it suitable for export-orientated manufacturing industries. Serviced industrial sites, factory shells and commercial buildings are available for rental at reduced rates, and there are special incentives provided to investors who erect their own factories at designated sites. Foreign direct investment FDI in Lesotho was around 0.

The current trend indicates increases in and at an annual average of 1. The legal framework is solid and based upon the rule of law, and options trades reported to irs is full Government support on trade and investment issues.

gohabizaw.web.fc2.com – gohabizaw.web.fc2.com

Backstopping services from the Lesotho National Development Corporation and a One-Stop Shop for business brings together a streamlined and integrated suite of services for businesses and investors, and includes Trading and Manufacturing Licences, Import and Export Issuances, Residency Visas and Work Permits.

Recent developments have seen the establishment of commercial courts for business arbitration, development of an industrial licensing bill and the establishment of commercial and other new tribunals. Import and export procedures have also been greatly improved in terms of number of procedures, length of time and cost.

Further investment climate reforms are regarded by Government as the foundation for attracting higher levels of private investment, with an impact of more than 2 percent of GDP predicted over the next five years through efficiency gains.

The United Nations Conference on Trade and Development UNCTAD is working with Government to develop an investment policy to enable Lesotho to market itself as an investment hub.

Government directs development investment opportunities in livestock sector in pakistan areas where Lesotho has a comparative advantage and therefore stands a chance of competing with the rest of the world.

The Lesotho National Development Corporation, in its January-March newsletter, identifies the following priority sectors for investment. Operating under the auspices of the Ministry of Trade and Industry, Cooperatives and Marketing, the Lesotho National Development Corporation LNDC strives to facilitate economic growth and development in the kingdom while promoting it as an attractive investment destination to foreign and local investors. In addition to a robust Government-administered incentive regime, the LNDC enjoys clear channels of communication with relevant state departments and parastatal organisations in order to speed up service delivery.

LNDC also offers pre-investment and after-care services to both prospective and existing investors as an expedient means online forex trading system that works simplify and shorten the processes related to investment issues. Examples include facilitating the procurement of all permits and licenses, as well as providing assistance with company registration.

Investment project appraisals are can niche websites make money, along with equity participation in projects considered to be of strategic importance to the national economy and demonstrating long- term viability. Earn money by surfing in india are given to investors wishing to construct their own industrial buildings at LNDC-serviced sites.

A specifically-designed checklist of all labour-related issues facilitates prompt detection and intervention where necessary. LNDC is a member of the Africa Investment Promotion Agency Network AfrIPANeta United Nations Industrial Development Organisation UNIDO programme that aims to provide African Investment Promotion Agencies with up-to-date and accurate investor survey information to enable them to readjust investment promotion interventions in areas expected to bring the most impact in terms of linking domestic investment to FDI.

The Lesotho National Development Corporation may be contacted at: The Road Map, which was developed in Marchaims to improve the business climate and spur private sector investment in Lesotho. It examines the individual procedures that constitute the critical path to starting and operating a business, as well as creating a series of action plans to eliminate costly and time consuming red tape.

The LNDC opened a one-stop business facilitation centre in Maputsoe during to complement the centre currently operating in the capital of Maseru.

It was established that the process of registering a company now takes only three days and trade licenses are issued in one day. However, there is a need to improve on police clearances, which are hampering the issuance of residence permits. On the issue of internal taxes, the country is developing an integrated tax administration programme that aims to make tax compliance manageable.

This programme includes online tax filing and e-payment systems. The CMP is due for completion by December The SATH has subsequently conducted training workshops for business people and officers from various government ministries on aspects of easing intra-regional trade within the SADC region.

Participants have been trained on the Notification Authority, a body which governs procedures on trade issues in a given country, and Entry Point, a call centre to be established under the aegis of the Ministry of Trade and Industry, Cooperatives and Marketing.

Trade shows, expos put back option macbook pro trash investment promotion Duringthe LNDC was involved in a number of trade shows and expos. Experts from different organisations presented on topics such as aquaculture and aquaponics, irrigation and water storage, wine making, vegetable production under hydroponics systems, range management, piggery and poultry infrastructure, and more, including a presentation investment opportunities in livestock sector in pakistan investment opportunities in agriculture.

Held at the Cape Town International Convention Centre from 18 to 20 Junethe event included a trade show, networking events and business seminars designed to boost sales and investment in the sector. Demonstrating that African suppliers and manufacturers can compete on price, quality and standards, Source Africa brings together manufacturers from across the continent in one major integrated event, enabling buyers to examine a wide array of products on one trip.

LNDC launched the Lesotho-RSA Trade and Investment Roadshow in Johannesburg, South Africa, on 24 Marchunder the stewardship of the Ministry of Trade and Industry, Cooperatives and Marketing and with partnerships from the Private Sector Competitiveness Project, Enhanced Integrated Framework EIFLesotho Tourism Development Corporation LTDC as well as the Basotho Enterprise Development Corporation BEDCO. Business opportunities available in the second phase of the LHWP were also highlighted.

Following a site visit by the China-Africa Development Fund CADFUND in Lesotho, where the LNDC presented opportunities for collaboration with the fund, the two parties signed a Memorandum of Understanding during March CADFUND and LNDC have identified the potential for providing both financial and non-financial assistance to one another, and intend collaborating on the identification of Greenfield projects and investment opportunities in country.

The objective of the conclave was to encourage Indian exporters to increase their presence on the continent. It emerged there is scope for creating linkages with Basotho entrepreneurs aspiring to invest on a large scale, particularly through initiatives such as the LNDC Partial Credit Guarantee Scheme. Duringthe corporation met with the Commonwealth Business Council at an investment forum convened in London.

Lesotho is already well-regarded for the high quality trout which it exports to Japan. To take full advantage of these opportunities, Lesotho is engaged in a variety of initiatives, such as the upgrading of border post facilities and access roads, the establishment of a dry port, and discussing with South Africa ways in which the handling of transit cargo and policy coordination may be enhanced.

Key achievements have been in the area of harmonisation and simplification of customs rules and procedures, including: In addition, its status as a Least Developed Country in the World Trade Organisation WTO gives it duty-free access to the markets of industrialised countries.

Lesotho is also a member of the Land-Locked LDC group, which lobbies for special consideration to be shown to exports-driven countries lacking their own direct sea-freight facilities. The Enhanced Integrated Framework EIF is an aid-for-trade partnership for LDCs that supports such countries in being more active in the global trading system by helping them to address supply-side constraints to trade. Along with South Africa, Botswana, Namibia and Swaziland, Lesotho is a member of the Southern African Customs Union SACUthe regional framework for trade cooperation.

Countries in the common customs area are able to negotiate new Free Trade Area FTA agreements with third parties as a bloc. Together with other SACU members, Lesotho enjoys a Preferential Trade Agreement PTA with the Common Market of the Southern Cone MERCOSURcomprising Argentina, Brazil, Uruguay and Paraguay a total market of million consumersas well as the European Free Trade Area EFTAmade up of Switzerland, Norway, Iceland and Liechtenstein.

Lesotho can also export all products to the European Union million consumers duty-free under the SACU Economic Partnership Agreement EPA. The United States US and SACU signed a Trade, Investment and Development Cooperative Agreement TIDCA in The TIDCA establishes a forum for consultative discussions, cooperative work and possible agreements on a wide range of trade issues, with a special focus on customs and trade facilitation, technical barriers to trade, sanitary and phytosanitary SPS measures, and trade and investment promotion.

Press Conference Visit of Swedish and Dutch Dairy Experts with SMEDA 14 Dec 2012 Lahore Pakistan

Five priority areas are currently under review, comprising: Achievements include streamlining of the work programme on regional industrial development, with the agro-processing and automotive subsectors targeted as suitable for cross-border collaboration. Regarding trade facilitation, the launch of the regional Preferred Trader scheme was scheduled forand while no conclusion has been reached regarding revision of the SACU Revenue Sharing Formula and the expansion of SACU membership, important steps have been taken in studying the merits of these proposals.

The SACU Regional Customs Trade Forum launched at the end of creates a platform for engagement between member states and the private sector, and will assist in trade facilitation and improving customs operations. SACU has also embarked on a Regional Trade Partnerships Project, funded by the Swedish Government, which will serve to establish and strengthen partnerships between customs authorities, the trading community and government agencies in the trade supply chain.

Other members of SADC include South Africa, Zimbabwe, Zambia, Malawi, Tanzania, Mauritius, Seychelles, Angola, Democratic Republic of Congo, Namibia, Botswana, Swaziland and Mozambique.

SADC launched an FTA in involving zero tariff levels for 85 percent of all goods traded among member states. Liberalisation of tariffs on the remaining 15 percent of goods considered to be sensitive products continues, with further consolidation of the FTA underway to address outstanding tariff phase down obligations, rules of origin, tariff lines and non-tariff barriers.

The SADC FTA is one of the first milestones of the SADC Regional Indicative Strategic Development Plan RISDP towards regional integration and a common market. Notable progress relating to SADC integration has included the ongoing mid-term review of the RISDP, the finalisation of the Industrial Development Policy Framework for the region and the implementation of the Regional Infrastructure Development Master Plan.

Progress has also been achieved in establishing a SADC monetary union in terms of developing a clear roadmap for the process as well as assessing its costs and benefits. Provisions under the Cotonou Agreement for trade between the EU and African, Caribbean and Pacific ACP countries came to an end on 31 Decemberwith the Interim Economic Partnership Agreement IEPA signed by Lesotho, Botswana, Swaziland and Mozambique during June replacing the Goods Chapter of the Cotonou Agreement.

The EU concluded negotiations on an Economic Partnership Agreement EPA on 15 July with the SADC EPA Group comprising Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland.

The EPA guarantees access to the EU market without any duties or quotas, and gives asymmetric access to partners in the SADC EPA region, who are able to shield sensitive products from full liberalisation and deploy safeguards when imports are growing too quickly. These countries are strong in the export of diamonds, which in South Africa, Botswana, Lesotho and Namibia constitute a dominant share of exports to the EU. At the same time, the EU exports a wide range of goods to these countries, including vehicles, machinery, electrical equipment, pharmaceuticals and processed food.

Opportunities for export in livestock sector By: Mohammad Arifeen - Articles Detail

Lesotho is also participating in negotiations on a Tripartite Free Trade Area T-FTA between SADC, the East African Community EAC and the Common Market for Eastern and Southern Africa COMESA. The African Growth and Opportunity Act AGOA will until provide eligible African countries with duty and quota-free access to the US market of some million consumers.

Lesotho, which has been exporting to the US under AGOA sinceis allowed to utilise third-country textile inputs because of its LDC classification. This provision, which was due to expire in Septemberwas extended to President Obama, the US trade representative and various congressional leaders have stated their commitment towards the renewal of AGOA before its scheduled expiry on 30 September The Southern African Trade Hub SATH is a regional body which works to simplify trade regulations among SADC countries.

Under the GSP system, a long list of products excluding dairy, poultry and eggs have been granted duty-free entry to Canada with its population of 34 million people. In conjunction with her regional partners, Lesotho is keen to foster closer economic ties with Asian countries, including China, India and Pakistan, creating new opportunities for product and market diversification.

Rating 4,9 stars - 287 reviews
inserted by FC2 system