Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

January 2021 Zimbabwe 5FN4467SDCMYCMMYCYCMYKAF_1_2_Anúncio_FTW_2020_ingles.pdf 1 7/9/20 10:06 AMTrade agreements provide competitive edge

21 Jan 2021 - by -
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Zimbabwean exports are made more competitive through a number of trade agreements which provide preferential access to much of the rest of Africa and Europe.Duty-free exports to the United States under the African Growth and Opportunity Act (Agoa) have been restricted since 2003 when President George W Bush signed “targeted” sanctions regulations against politicians, military leaders and certain businesses.In March 2018, President Donald Trump extended the order, even though leadership had passed from Robert Mugabe to Emmerson Mnangagwa. The notice signed by Trump states: “The actions and policies of certain members of the Government of Zimbabwe and other persons, however, continue to pose an unusual and extraordinary threat to the foreign policy of the United States.” The European Union (EU) has taken a different approach and Zimbabwe is the only mainland Southern African Development Community (SADC) country to be included in the Interim Economic Partnership Agreement (iEPA)Zimbabwe signed the interim Economic Partnership Agreement (EPA) under the Eastern and Southern African Bloc with the European Commission (EC) on August 29, 2009 together with three island SADC countries (Madagascar, Seychelles and M a u r i t iu s). The interim EPA provides duty- and quota-free market access for all exports to members of the EU.In return, Zimbabwe agreed to phase out import tariffs on 80% of its traded goods with the EU, excluding products of animal origin, cereals, beverages, paper, plastics and rubber, textiles and clothing, footwear, glass and ceramics, consumer electronic and vehicles, according to ZimTrade. A pre-Brexit trade deal with the United Kingdom in the form of an Economic Partnership Agreement (EPA) is in place.The whole African market is being opened up by the implementation of the African Continental Free Trade Area (AfCFTA), which came into effect on January 1. 2021.There are already strong trade links with fellow African countries through a series of agreements. Southern African trade agreements include:Zimbabwe – Botswana: reciprocal duty-free trade on all products grown, wholly produced, or manufactured wholly or partly from imported inputs subject to a 25% local content requirement. Zimbabwe – Malawi: Reciprocal trade agreement, with 25% domestic value-added requirements. Zimbabwe – Mozambique: The agreement provides for duty-free trade between the two members with the rules of origin specifying 25% domestic value added. Excluded from the agreement are refined and unrefined sugar, Coca-Cola/Schweppes soft drinks, firearms, ammunition and explosives, motor vehicles and cigarettes. Zimbabwe – Namibia: A reciprocal agreement subject to rules of origin that requires at least 25% local content for manufactured products, and that Zimbabwe and Namibia should, as exporters, be the last place of substantial manufacturing. Multilateral Trade Agreements include the SADC Trade Protocol, which provides preferential access for goods originating from SADC countries.Zimbabwe is also a member of the Common Market for Eastern and Southern Africa (Comesa), which was declared a Free Trade Area (FTA) on October 31, 2000. The 14 member states are Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Kenya, Kingdom of Eswatini, Ethiopia, Libya, Madagascar, Malawi, Mauritius, Rwanda, Somalia, Seychelles, Sudan, Tunisia and Uganda Zambia and Zimbabwe.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Zimbabwe Feature January 2021

View PDF
January 2021 Zimbabwe 5FN4467SDCMYCMMYCYCMYKAF_1_2_Anúncio_FTW_2020_ingles.pdf 1 7/9/20 10:06 AMTrade agreements provide competitive edge
21 Jan 2021
Beira Corridor records strong growth
21 Jan 2021
Mineral exporters switch to Mozambican ports
21 Jan 2021
AfCFTA creates opportunities for exporters
21 Jan 2021
Agreement bodes well for trade
21 Jan 2021
Pockets of good news in an economy in crisis
21 Jan 2021

FeatureClick to view

Road & Rail 27 June 2025

Border Beat

Forum tightens net against border corruption
25 Jun 2025
Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Road Logistics Pricing Specialist

Tiger Recruitment
East Rand
02 Jul
New

Operations Manager

Lee Botti & Associates
Cape Town
02 Jul
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us