Lesotho's Textile Industry: Struggling Under New Tariff Rates
Published on: Aug. 1, 2025, 9:16 p.m. | Source: Devdiscourse
Lesotho's modified tariff rate of 15% may not be sufficient to save its textiles industry, despite a reduction from a threatened 50%. The nation's trade minister sees potential job losses due to competitive disadvantages with neighboring countries. The sector is heavily reliant on the African Growth and Opportunities Act.
