Zimbabwe Eu Trade Agreement

As regards the Protocol on Rules of Origin, the EPA Committee decided in January 2020 to amend the concept of originating product in order to facilitate and facilitate trade between the ESA region and the EU. The amendment, which entered into force in March 2020, allows economic operators, among other things, greater flexibility while reducing costs. Describes the bilateral and multilateral trade agreements to which this country has acceded, including with the United States. Contains websites and other resources where U.S. companies can learn more about how to use these agreements. 4. Participation in trade fairs may be the best strategy for entering EU markets. After the agreement was signed in 2009, Zimbabwe`s exports to the EU (27) are on an upward trend, rising from around $282 million in 2009 to $398 million in 2020, according to Trade Map. Therefore, it is important that local exporters keep pace with eu trade requirements in terms of compliance, especially with buyer requirements and legal obligations. The basic approach used in the agreements to determine an eligible product is that it must be manufactured entirely locally from local materials, or at least significantly processed locally, according to the respective qualification criteria set at product, category or sector level, as appropriate. The iEPA aims to remove tariffs and other trade restrictions on qualified goods between the EU and Zimbabwe. On 27 September 2021, the European Commission published an opinion on Zimbabwe`s application of the rules of origin to the Interim Economic Partnership Agreement between the EU and ESA countries. You can find out what this means for trade with Zimbabwe in this article.

In August 2009, four of these countries signed the agreement (Madagascar, Mauritius, Seychelles and Zimbabwe). They have applied them provisionally since 14 May 2012. The Comoros signed the agreement in July 2017. It ratified it and began its application in February 2019. However, for local exporters, the most important thing is to increase exports, take advantage of existing trade requirements and meet market requirements. After years of isolation, the president has made it clear through the mantra “Zimbabwe is open for business” that improving economic relations with the rest of the world will unlock economic gains through increased trade and the movement of investment and capital into the country. In January 2013, the European Parliament gave its consent to the agreement. The agreement remains open to other countries that wish to join it later. To get quick returns from the economic diplomacy program, local companies need to revive trade relations with regions and countries that have huge potential for Zimbabwean products, based on past business models and current opportunities. The interim EPA includes a rendezvous clause to negotiate other trade-related areas such as rules and commitments on services and investment, sustainable development and competition (known as the “deepening process”). The five countries already implementing the agreement have declared their willingness to go beyond trade in goods and move towards a more comprehensive agreement. Negotiations on deepening the EPA started on 2 October 2019.

The provisional EPA also covers cooperation on technical barriers to trade and animal and plant standards. ZimTrade facilitates the participation of local companies in trade fairs in the EU and companies planning to increase their exports to the market should use these services. The agreement provides local exporters with duty-free and quota-free market access. Local exporters can also contact ZimTrade – the national organisation for trade development and promotion – to access their market information services and obtain important information about market requirements in Europe and other markets. Zimbabwe, along with Mauritius, Madagascar and Seychelles, has signed an Interim Economic Partnership Agreement (iEPA) with the EU to facilitate the entry of exporters into the European market. Local businesses can benefit from the size of the EU market, which has more than 500 million consumers, with a share of around 20% of global imports and exports. Eastern and Southern Africa includes the Islands of the Indian Ocean (Comoros, Madagascar, Mauritius and Seychelles), the countries of the Horn of Africa (Djibouti, Ethiopia, Eritrea and Sudan) and some southern African countries (Malawi, Zambia and Zimbabwe). 7. Exporters must understand EU rules on public health and safety. It would be desirable to study EU environmental protection regulations and carry out a product life cycle assessment to ensure that materials are environmentally friendly at all stages of the product life cycle.

The use of these standards reflects the quality, safety and reliability of the products and improves the performance of the products on the market. Therefore, it is important for local businesses to work closely with their buyers or partners in the market, as they have a better understanding of the applicable standards and requirements. Unless otherwise specified, the term “EU” means, for all specified years, the current European Union of 27 Member States. Legal requirements are the minimum requirements that products marketed in the EU must meet, and all products that do not meet these requirements are denied access to the EU market. Previously admissible proofs of preference – movement certificate EUR.1 (TARIC document code N954) and invoice declaration from an approved exporter – can no longer be recognised for preferential tariff treatment from 27 September 2021. ZimTrade has developed Shop@Zim, an online platform to improve connections between local exporters and buyers around the world. The European Union (EU) is one of the regions that remains a key market for Zimbabwean products and services. In addition, the EU is the fastest growing market for organic products and superfoods, providing new opportunities for Zimbabwean farmers, including smallholder farmers who use organic farming practices. Zimbabwe`s main export products to the EU at present – which could form the basis for increased exports – include tobacco and tobacco substitutes; minerals; iron and steel; Fruits, vegetables and nuts, furniture, tea and coffee, textiles and clothing. Zimbabwe already has a reputation for being a source of reliable, high-quality products, and local businesses can use it to boost exports to this market.

As part of its market information services, ZimTrade can help local exporters understand these and all other requirements in the EU. On the other hand, non-legal requirements go beyond legislation and deal with additional requirements such as environmental and social requirements. According to Trade Map, Zimbabwe`s exports to the EU-28 amounted to around $795 million in 2001 and, although current exports to the same market have fallen to $414 million, local exporters have enormous potential to surpass previous records. (5) Exporters should ensure a steady flow of information to European buyers. The Provisional Economic Partnership Agreement between the EU and Madagascar, Mauritius, Seychelles and Zimbabwe includes: Buyer requirements refer to all requirements that must be met before a buyer can source products or services from Zimbabwe. National Development Strategy 1, launched by President Mnangagwa last year, already identifies current economic diplomacy efforts as “a huge potential to improve the country`s image, strengthen cooperation with the international community and thus improve growth prospects for economic recovery.” Local businesses are encouraged to list their products and services on the platform, as this improves the visibility of their offerings across borders. 48 Josiah Tongogara Street Btwn 3rd and 4th Avenue Bulawayo, Zimbabwe These are the European Committee for Standardization, the European Committee for Electrotechnical Standardization and the European Telecommunications Standards Institute. Six ESA countries – Comoros, Madagascar, Mauritius, Seychelles, Zambia and Zimbabwe – concluded an Interim Economic Partnership Agreement with the EU at the end of 2007. .