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Wednesday, 14 July 2010

Countries agree on European sugar exports

Zambia has agreed to cooperate with other sugar exporting countries accessing the European Union (EU) market under the ‘Everything But Arms (EBA)’ to benefit from new opportunities. Commerce, Trade and Industry Deputy Minister Lwipa Puma, who recently attended a council of ministers meeting that reached the agreement, said Zambia wanted to work with other countries in accessing support to gain from the EU market. The Least Developed Countries (LDCs), under the EBA facility, are estimated to export 442,000 tonnes for 2009/10 marketing year and 891,000 for 2010/11 season. Zambia is projected to export 135,000 tonnes for the 2009/10 and 250,000 tonnes of 2010/11 marketing season. And the total exports to the European Union for 2009/2010 stood at 1,826,000 tonnes while for 2010/2011 are estimated at 2.531,000 tonnes. Dr Puma said it was important for Zambia to collaborate with other African, Caribbean and Pacific (ACP) countries on sugar exports to the EU as recommended by the council of ministers. Dr Puma said the council of ministers noted that based on the latest estimates, there would be a deficit of around 200,000 tonnes for the 2009/10 marketing year. The council of ministers said unlike the Sugar Protocol, the requirements under the new Economic Partnership Agreement (EPA) sugar arrangements had significantly changed, with regard to latest developments in the world sugar market. Dr Puma said it was agreed that ACP suppliers should continue to argue for additional market access and against the opening of the terms of reference and operating rules in the context of the Free Trade Areas (FTA’s).

Source: State House Zambia