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EP move on EPA deadline to benefit Zimbabwe

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Friday, 21 September 2012

EP move on EPA deadline to benefit Zimbabwe

Following the EP vote last week, analysts have welcomed the extension of the proposed deadline for the conclusion of EPAs between the EU and ACP countries, as this move will allow African nations to realign their economies.
Speaking of Zimbabwe, the trade expert Mr Gift Mugano said in an interview by The Herald that this move “will give many African economies including Zimbabwe to align their economies with the new order […] The previous deadline (of January 1 2013) was disastrous as most of our economies are very fragile. Zimbabwe, for example, cannot compete with regional players […] So the decision by the EU will certainly give [the country] a lifeline to address its structural challenges," he said.

Source: All Africa