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Thursday, 03 November 2016

Zimbabwe: Brexit affects EPAs

The economic challenges Zimbabwe is currently going through coupled with Britain's withdrawal from the EU have complicated the country's position regarding Economic Partnership Agreements, and this calls for a relook at the accordsm trade experts have said. Zimbabwe is a signatory to EPAs which were negotiated together under Eastern and Southern Africa, a diverse EPA group, including Indian Ocean Islands (Comoros, Madagascar, Mauritius and Seychelles), countries from the Horn of Africa (Djibouti, Ethiopia, Eritrea and Sudan) and some southern African countries (Malawi, Zambia and Zimbabwe). Addressing stakeholders at an EPAs workshop yesterday, SADC council of NGOs Regional Economic Integration manager Rangarirai Machemedze said the global environment has since changed sinc the EPAs were first negotiated. "The current national economic crisis including the challenges to regional integration and industrialisation efforts should be enough justification to call for a review on the conclusion of a full comprehensive European-African mega deal", said Mr. Machemedze.

Source: herald.co.zw