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Wednesday, 13 May 2015

Call for simplification of COMESA RoO

The Common Market for Eastern and Southern Africa (COMESA) rules of origin (RoO) should be simplified according to Trade Law Centre (TRALAC), a Southern African trade think tank. The current system is deemed to be difficult and costly to manufacturers. According to the latest research on “Rules of Origin Looking Outside the Box” , the rules of origin concept was proving complex as it was imposing adjustments to the supply chain of producers. The report states: “If the rule is complex and imposes adjustments to the supply chain of a company, complying with the rules could be difficult or costly, so much that certain companies may simply not be able to comply with them. (…) If the rule is simple, predictable and easy to comply with, complying with the rule will be ease and the products will become eligible for preferences.”

Source: times.co.zm