ZimTrade ex­port trade sem­i­nar set for Bu­l­awayo

Chronicle (Zimbabwe) - - Business - Busi­ness Reporter

THE coun­try’s trade de­vel­op­ment and pro­mo­tion or­gan­i­sa­tion, ZimTrade, will to­mor­row host an ex­port aware­ness sem­i­nar in Bu­l­awayo to as­sist lo­cal busi­ness on un­der­stand­ing trade agree­ments and how to ex­ploit them.

More than 20 com­pa­nies in­clud­ing small to medium en­ter­prises are ex­pected to at­tend the meet­ing.

Re­gional ZimTrade of­fice man­ager Mr Sim­ilo Nkala said the sem­i­nar seeks to cre­ate aware­ness and un­der­stand­ing of the var­i­ous trade agree­ments which Zim­babwe is sig­na­tory to and how ex­porters can ben­e­fit from them.

“It’s im­per­a­tive that lo­cal com­pa­nies are fully aware of the var­i­ous trade agree­ments avail­able and the reg­is­tra­tion process as well as the ben­e­fits of be­ing reg­is­tered,” he told Busi­ness Chron­i­cle.

“The pur­pose of trade agree­ments is to stim­u­late trade be­tween the sig­na­tory coun­tries. This re­sults in spe­cific prod­ucts be­ing ac­corded pref­er­en­tial treat­ment on en­try into the im­port­ing coun­try.

“Pref­er­en­tial treat­ment means that the prod­ucts will at­tract re­duced or no cus­toms du­ties in the im­port­ing coun­try. There­fore, the ex­ported prod­ucts be­come com­pet­i­tive.”

Zim­babwe is cur­rently ben­e­fit­ing from Bi­lat­eral Trade Agree­ments with Namibia, Malawi, Mozam­bique, Botswana and South Africa as well as the re­gional trade agree­ments such as the Sadc Trade Pro­to­col and Comesa Free Trade Area.

The coun­try is also a mem­ber of the East and South­ern African- Euro­pean Union (ESA-EU) in­terim Economic Part­ner­ship Agree­ment, which pro­vides pref­er­en­tial ac­cess for our ex­ports to the Euro­pean Union.

“The sem­i­nar presents an op­por­tu­nity for com­pa­nies to un­der­stand the spe­cific rules of ori­gin for each trade agree­ment and the ex­port prod­ucts which are el­i­gi­ble for pref­er­en­tial treat­ment in duty pay­ment,” said Nkala.

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