Zimbabwe realised about $54 million from exports of horticultural products to the European Union in 2015 which is an increase from $49 million recorded in 2014, according to figures availed by ZimTrade. Zimbabwe’s major export destinations in the EU were United Kingdom, Netherlands, Lithuania, Spain, Portugal, France and Germany. The Netherlands came out top as Zimbabwe’s major export destination during the year sitting at $35 million while the United Kingdom was second at $12 million.
With recent developments in trade and regional integration in Africa, the UK All-Party Parliamentary Group on Trade Out of Poverty is launching an inquiry into the progress and future of the UK’s Africa Free Trade initiative. It has been five years since the Africa Free Trade initiative (AFTi) was launched. With the aim to help African countries integrate with each other and into the world trade system, the AFTi was a top priority in the UK’s five-year trade strategy published in February 2011.
Prarastatal beef exporter, Botswana Meat Commission (BMC), has closed indefinitely its major abattoir for EU market pending the assessment of the buffalo incursion in Southern Botswana, APA learnt here Monday.The Minister of Agriculture Patrick Ralotsia states that a specimen has been taken to Botswana Vaccine Institute laboratories to test if the buffalo was harbouring the Foot and Mouth Disease (FMD).
An economic interest group from the ports of Le Havre, Rouen and Paris (HAROPA) in France has arrived in Cameroon to meet the country’s business community and praise the qualities of their infrastructure for activities related to the import or export of goods, reliable sources disclosed on Monday. During the meeting, the French port conglomerate endeavored to demonstrate to local exporters and importers that as the first French port infrastructure, it offers adequate solutions to best meet their foreign trade operations.
Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Nigerian Government between 2011 and 2015. Nigeria’s Nation newspaper report on Tuesday said that Royal Dutch Shell’s 2015 Sustainability Report released on Monday stated the oil giant also paid royalties and corporate taxes worth $1.1 billion to the Nigerian government last year. It added that of the amount, Shell paid $0.6 billion and its subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo), paid $0.5 billion.