Home breadcru News breadcru Import/Exports breadcru Zimbabwe set to scrap duty on Comesa imports

Zimbabwe set to scrap duty on Comesa imports

12 May '06
2 min read

They also have to pull off a budget deficit ratio of not more than 5 percent of the gross domestic product (GDP). Mr Chihota said that the Government would persist to reveal inducement meant for supporting exporters.

He said that companies in the fields of mining, manufacturing, agriculture, textiles, tourism and construction would benefit from the formation of a customs union.

Comesa is the largest African economic grouping, comprising of 22 member nations whose combined industrial production amounts to at least US$8 billion yearly.

The member states will assemble for an analysis of the customs duty phase down in the next few months. However, there were fears that some member nations are holding back in fulfilling with the Comesa tariff phase down targets.

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