Zim, EU trade grows

HARARE - Zimbabwe’s trade with the European Union (EU) has more than doubled in volume in the past four years with the European trade bloc now seeking ways to expand economic ties with the country.

Aldo Dell Ariccia, the head of the EU delegation in Zimbabwe, yesterday told the businessdaily that trade between the country and the EU amounted to $860 million last year with a positive trade balance of $171 million in favour of Zimbabwe.

“The EU is looking forward to further deepening relations with Zimbabwe, evolving in the longer term towards a partnership that includes trade and investment,” he said.

Dell Ariccia noted that despite the financial crisis experienced by Europe last year “trade is on a rebound and we hope that this trend will continue in the future”. -
John Kachembere

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