Zimbabwe has ratified the Common Market for East and Southern Africa-East African Community and Sadc Tripartite Agreement (TFTA).
The country has also signed and ratified the agreement establishing the Free Trade Area and the African Continental Free Trade Area (AfCFTA)
“This is in line with the African Union(’s) Agenda 2063 programme which also includes the programme for Accelerated Industrial Development, Programme for Infrastructure Development and Boosting Inter-Africa Trade,” he said.
“These agreements create opportunities for Zimbabwean companies in terms of market for products and investment opportunities.
“There are opportunities for value chains to service regional, continental and global market. It is also an opportunity to attract Foreign Direct Investment.”
Minister Shava added that Zimbabwe was implementing tariff liberalization to open up the economy and trade with other SADC member States, but had applied for relaxation to be exempted from implementing tariff reductions on a number of products due to challenges being faced by local industries.