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Trade and Business in Lesotho

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Syllabus of the Subject: Foreign Trade and Business in Lesotho. Maseru

  1. Introduction to the Kingdom of Lesotho (Southern Africa);
  2. Doing Business in Maseru;
  3. Economy of the Kingdom of Lesotho (Switzerland of Africa);
  4. Foreign Trade of Lesotho
    1. Access to the Port of Durban (South Africa);
    2. Lesotho Customs and Excise Administration.
  5. Business and Investment Opportunities in Lesotho
    1. Textile and garment sector;
    2. Plastic products;
    3. Leather and footwear;
    4. Consumer electrical and electronic appliances;
    5. Food processing and beverages;
    6. Mining;
    7. Environmental projects;
    8. Energy;
    9. Health sector;
    10. Infrastructure development.
  6. Case Study:
    1. Lesotho Highlands Water Project;
    2. Exporters’ guide to the preferential trade arrangements applicable to Lesotho;
    3. Lesotho Textile Industry.
  7. Lesotho National Development Corporation;
  8. Access to the Market;
  9. Business Plan for Lesotho.

The objectives of the subject “Foreign Trade and Business in the Kingdom of Lesotho” are the following:

  1. To analyze the economy and foreign trade (Import, Export) of Lesotho;
  2. To know the business opportunities in the Kingdom of Lesotho;
  3. To explore the Lesotho's trade relations with the country of the student;
  4. To know the Free Trade Agreements of Lesotho;
  5. To develop a business plan for the Lesotho's market.

Trade and Business in Southern Africa. Online Diploma, Master, Doctorate

Foreign Trade and Business in Lesotho:
International Trade and Business in Lesotho

Online African Students (Masters, Doctorate, Foreign Trade, International Business)

The Subject “Foreign Trade and Business in Lesotho” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Masters (MIB): Business in Africa, International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Course: Business in Southern Africa.

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study, Course Master Doctorate in International Business in French Lesotho Masters Foreign Trade in Portuguese Lesoto Study Master Doctorate in International Business in Spanish Lesoto.

Credits of the subject “Foreign Trade and Business in Lesotho”: 1 ECTS Credits

We Trust in Africa (Affordable Higher Education for Africans) Kenya, Nigeria, Sudan, Ghana, Tanzania, Cameroon, Egypt...

Masters and Doctorate in Global Business adapted to the Lesotho, Masters, Doctorate, Courses, International Business, Foreign Trade Basotho Students.

Foreign Trade and Business in Lesotho.

Lesotho: “Switzerland of Africa.” An African monarchy and landlocked country.

African Economic Integration. Online Education (Courses, Masters, Doctorate)

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Free Trade Agreements (FTA) and Preferential Access of Lesotho

  1. Lesotho and the Southern African Economic Area;
  2. Southern African Development Community (SADC)
    1. European Union-SADC Free Trade Agreement (FTA).
  3. COMESA-EAC-SADC Tripartite Agreement;
  4. Southern African Customs Union (SACU)
    1. India-Southern Africa Customs Union (SACU) Agreement;
    2. EFTA-Southern African Customs Union (SACU) Free Trade Agreement (FTA);
    3. United Kingdom-SACU and Mozambique Economic Partnership Agreement;
    4. MERCOSUR-Southern African Customs Union (SACU) Preferential Trade Agreement.
  5. African Continental Free-Trade Area (AfCFTA);
  6. Preferential market access arrangements with Australia, Canada, the European Free Trade Association (EFTA), Japan, New Zealand, Turkey, and the United States;
  7. European Union-Lesotho:
    1. Africa-European Union Strategic Partnership (Cotonou Agreement);
    2. Generalized System of Preferences (EU-GSP).
  8. United States-Lesotho: African Growth and Opportunity Act (AGOA).

Southern African Customs Union (SACU): Botswana, Lesotho, Namibia, South Africa, and Eswatini (Swaziland)

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  1. World Trade Organization (WTO)
    1. WTO General Agreement on Trade in Services (GATS);
    2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
    3. WTO Agreement on Technical Barriers to Trade (TBT);
    4. WTO Agreement on Preshipment Inspection (PSI);
    5. WTO Agreement on Safeguards (SG);
    6. WTO Trade Facilitation Agreement (TFA).
  2. World Customs Organization (WCO)
    1. Revised Kyoto Convention (RKC).
  3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
  4. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
  5. International Maritime Organization (IMO) - not a member
    1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
  6. Customs Convention on Containers (CCC, UN) - not a member.

COMESA-EAC-SADC Tripartite Agreement, Ethiopia, Kenya, Libya, Malawi...

African Instituions (AU, AFDB, AUDA-NEPAD, UNECA) Online Education (Courses, Masters, Doctorate)

African Trade and Economic Organizations:

  1. Economic Commission for Africa (ECA);
  2. African Union (AU)
    1. African Union Convention on Preventing and Combating Corruption;
    2. African Union Development Agency (AUDA-NEPAD).
  3. African Development Bank (AfDB);
  4. Africa-India Framework for Cooperation;
  5. Africa-BRICS (Brazil, Russia, India, China, South Africa);
  6. Africa-Turkey Partnership;
  7. Afro-Arab Cooperation;
  8. Arab Bank for Economic Development in Africa (BADEA);
  9. Africa-Asia Strategic Partnership (NAASP);
  10. Africa-Korea Partnership;
  11. Africa-Japan Cooperation (TICAD);
  12. Africa-South America Summit (ASA);
  13. Forum on China-Africa Cooperation.

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Organizations:

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD);
    2. International Trade Centre (INTRACEN);
    3. Commission on International Trade Law (UNCITRAL);
    4. World Intellectual Property Organization (WIPO).
  2. World Bank (WB);
  3. World Trade Organization (WTO);
  4. International Monetary Fund (IMF);
  5. Multilateral Investment Guarantee Agency (MIGA).

Custom Union of the Southern African Development Community

The Kingdom of Lesotho

  1. Lesotho (Africa) is a monarchy;
  2. Mosotho Capital: Maseru (393,000);
  3. Borders of Lesotho: South Africa;
  4. Mosotho Area: 30,355 square kilometers;
  5. Population of Lesotho: 2.2 million people
    1. Bantu.
  6. The main languages are Sesotho, Zulu, and English;
  7. Currency of Lesotho: Loti (plural Maloti);
  8. Independence from the United Kingdom in 1966;
  9. The currency of Lesotho: Loti and South African Rand;
  10. The Rand Monetary Area is formed by Lesotho, Eswatini (Swaziland), Namibia and South Africa (the South African rand as a common currency).

More information about Lesotho (EENI African Business Portal).

Main religion in Lesotho: Christianity.

  1. African Traditional Religions;
  2. Christians (90% of the population)
    1. Protestants (45%);
    2. Catholics (45%).

Lesotho belongs to the Southern African Economic Area (African Civilization).

Online Education (Courses, Masters, Doctorate): Christianity and Global Business (Catholicism, Protestantism)

Economic Profile of Lesotho.

  1. Lesotho has a Free market economic system;
  2. Manufacturing: 10.3% of the GDP;
  3. Service industries: 53%;
  4. Agriculture: 10.3%;
  5. Inflation of Lesotho: 5.9%;
  6. Unemployment in Lesotho: 25%;
  7. The main resource: water;
  8. The main economic activities of Lesotho are farming and animal husbandry, clothing, footwear, textiles, food processing, and construction;
  9. Most dynamic sectors of Lesotho are real estate and services.

Lesotho Textile Industry.

  1. The United States Growth and Opportunity Act (AGOA) is one of the reasons for the textile industry growth; today Lesotho is one of the top African garments exporter to the U.S. market (340 million dollars);
  2. Textile exported products to the Southern African Customs Union (SACU) members are exported without taxes;
  3. More than 40,000 people work in this sector, mainly woman;
  4. Global brands like Wal-Mart or Pepe Jeans has facilities in Lesotho;
  5. Lesotho Textile Exporters Association is the main employer association.

Lesotho Highlands Water Project is one of the largest projects in Africa. In this bi-national project (Lesotho and South Africa) working near 2,500 people.

Lesotho National Development Corporation is the institution of the Government of Lesotho that design and implements the industrial development policy.

European Free Trade Association (EFTA)-Southern African Customs Union (SACU) Free Trade Agreement (FTA)

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

International Trade of Lesotho:

  1. Imports: 89% of Lesotho's imports comes from South Africa, other import partners are the Southern African Development Community (SADC) countries;
  2. Exports. The main export markets of Lesotho (86%) are South Africa and the United States;
  3. The European markets represent 21% of exports.

Nearest port: Port of Durban (South Africa).

  1. Distance from Durban to Maseru: 552 kilometers.

Foreign trade of Lesotho:
Foreign trade of Lesotho

Southern African Development Community (SADC)-European Union Free Trade Agreement (FTA)

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