The government of Botswana has signed a double taxation agreement with Ireland to widen the two-way trade and investment between the countries.

The agreement was signed by Minister for Trade and Development, Joe Costello TD and Botswana Minister of Finance and Development Planning Kenneth Matambo during a three-day visit of Costello in Botswana.

Minister Costello said: "Double Taxation Agreements are a critical piece of fiscal infrastructure for developing trading and investment opportunities between countries. This agreement will now allow for further trade and investment between Ireland and Botswana, which in 2013 was worth almost €3.5 million."

The agreement designed at boosting two-way trade and investment is a part of the Department of Foreign Affairs and Trade’s Africa Strategy and intends to leverage Ireland’s growing political, trade and economic environment.