EU inaugurates $4m Zim trade deal

HARARE - The European Union will inaugurate the newly-established Zimbabwe-EU Business Information Centre (Zim-EBIC), on August 1 in Harare, a top EU diplomat has said.

Zim-EBIC is an information hotspot that will allow Zimbabwean businesses to easily and conveniently access information about trade with the European Union.

The establishment of the modern Zim-EBIC is part of the European Union’s Support to Trade and  Private Sector Development project, implemented by International Trade Centre (ITC).

The $4 million project is in line with the national priorities spelled out in the National Trade Policy and Industrial Development Policy and will contribute to developing the EU’s dialogue with Zimbabwe on trade and private sector development.

“The project will support the implementation of the interim Economic Partnership Agreement (i-EPA) between the EU and the Eastern and Southern Africa and Indian Ocean (ESA-IO) Region, ratified by Zimbabwe, Madagascar, Mauritius and Seychelles,” said Ambassador Aldo Dell’Ariccia, head of the EU Delegation in Zimbabwe, who will inaugurate the Zim-EBIC together with Mike Bimha, Zimbabwe’s Industry and Commerce minister.

“It will facilitate SMEs’ access to opportunities such as ‘Duty Free Quota Free’ access for Zimbabwean exports to the EU market.

“It will also assist in strengthening the capacities of key actors like intermediary organisations and business associations in order to provide better Business Development Services to their members.”

The establishment of the centre specifically aims at creating mutually beneficial linkages between Zimbabwean businesses and European counterparts.

It also seeks to act complementary to the public and private sector agencies of EU Member States and Zimbabwe.

The Zim-EBIC was set up within local partner ZimTrade’s “Trade Information Centre” at Mount Pleasant Business Park.

It will assist exporters including SMEs to easily access market information, including such tools as the Market Access Databases, the Export Help Desk and EU publications.

The main component of Zim-EBIC is a virtual library with databases that include, among others, EU-Zimbabwe trade statistics, linkages with EU Chambers of Commerce, as well as information on EU exporters and importers.

With the inauguration of the Zim-EBIC, the EU said it reaffirms its long-standing commitment to strong trade links between the 28 EU member states and Zimbabwe.

Trade relations have been strong for years: in the first nine months of 2013, trade between the EU member States and Zimbabwe yielded a positive trade balance for Zimbabwe of  €115,776 million (approximately $156,3 million) compared to $84 million in the same period of the previous year.

Comments (2)

That's enough of this Zimbabwe / EU co-operation. How do you expect the revolutionary party to be re-elected in 2018 unless we can carry on shouting about illegal sunctions?

John Banda - 28 July 2014

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