Mozambique joins the partnership agreement between the European Union and the SADC
Mozambique will stop paying customs duties on exports to the European Union (EU) after joining the Economic Partnership Agreement (EPA) between the EU and southern African countries on Monday, 5 February, the European Commission said.
Mozambique’s membership means that every country in the Southern African Development Community (SADC) has now joined the agreement and makes it the first regional EPA in Africa to become 100% operational. This “means that Mozambique will not have to pay customs duties on exports,” to the European bloc, the commission said.
The European Commission said that Mozambique has become the “last piece of the puzzle to be placed” in this partnership after the other five countries – Botswana, Lesotho, Namibia, South Africa and Swaziland – joined the agreement in October 2016.
The EPA “offers opportunities for SADC countries to create jobs, attract more investment, industrialise and integrate into global value chains, and on the EU side, European companies are increasingly investing in the region.”
The European Commission also said that Mozambique will gradually, over a number of years, reduce or eliminate customs duties for many exports from the European Union.
MacauHub
kock p? EcoBiz
7 年Europeiska???
International Logistics and Supply Chain Consultant | Charter Broker and Freight Forwarder | Tel.: +506-8612.2164 |m
7 年This is great news indeed. Congratulations..
Committed expert in Project Logistics | Maritime Cargo Solutions | Sales and Business Development | Specializing in Oil & Gas, Infrastructure, Mining, Water, and Energy sectors
7 年excellent step forward for new opportunities.
Dealer Principal, Hyundai Mozambique
7 年I never knew that duties were leveraged against the exporting country, but yes always on the country/entity that was importing the goods. The SADC member countries enjoy a duty free structure on imports from each. Does this mean that any entity residing in the EU, wishing to import goods from the SADC member countries. will enjoy a duty free import structure?
International & New Business Manager at Beira Serra Vinhos
7 年Angola? It belongs or not? The map is blue.