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Lesotho Trade Regulations and Standards

Issues related to trade with Lesotho, including documentation, import licensing, trade regulations and standards, etc.

Lesotho Trade Regulations and Standards

Postby bridgat » Mon Nov 17, 2008 3:07 am

TRADE REGULATIONS AND STANDARDS

As a member of SACU, Lesotho's import tariffs and trading
regime are set externally and in common with the other SACU
members: South Africa, Namibia, Botswana and Swaziland.
Relatively high tariff levels incorporated in SACU under the
South African-led import substitution strategy of the past are
being reduced as South Africa finalizes its adherence to the
World Trade Organization (WTO).

Although the government reserves the right to restrict
imports, licenses are no longer used to limit imports; the
last such licenses were abolished in mid-1996. Licenses may
still be required for statistical purposes or in cases where
imports are not clearly destined for final consumption in
Lesotho. The licensing regime is administered by the Ministry
of Trade and Industry and the Department of Customs and
Excise.

Certain exports must be licensed and are taxed. However,
the government applies this provision only to diamonds.
Export controls are maintained on exotic and indigenous live
animals (e.g., ostriches) but not on general manufactured
products.

Customs regulations allow for the temporary importation
of raw materials duty-free, for transformation through
manufacturing. These provisions are widely applied, for
example, in the textile/garment industry. Manufacturers may
import duty-free to a Customs bonded warehouse facility, or
may pay duty on inputs and claim a rebate after export.
bridgat
 
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