18 January 2018
   
Soldiers deployed all over rural Zim: MDC-T
MDC-T’s Mudzuri begs ZCTU for support
Moyo claims CIO spy killed during coup
Activist wants ED, Chiwenga at Hague
Priscilla: Erection at 45 like winning lottery
Outrage as top soldier threatens 2008 terror
ED era to yield 'good things', says Pari
Man grows dagga to cure heart, caged 18mths
MORE NEWS
Bond notes here to stay, says Chinamasa
South Koreans in $70m Zim agro-project
MORE BUSINESS
Hubby bashes Star FM anchor in love row
$18/yr subscr too much for musicians
MORE SHOWBIZ
Caps bid to rehire star forward Nhivi
Mourinho says 'relaxed' about Sanchez
MORE SPORTS
A view beyond the Zimbabwe coup
'Shit-hole': Just Take moral high ground
MORE OPINION
 
Economy: the need for a paradigm shift
Trump rage ignores truth: A response
MORE COLUMNISTS
 
 
Govt issues 6,000 import licences, 75pct to South African products  
25/07/2016 00:00:00
by Source.co.zw
 
Industry and commerce minister Mike Bimha
 
RELATED STORIES
Imports ban-hit SA firms come to Zim
SA heads to Zim over imports ban
SADC Businesses feel the heat in Zim
Zim imports ban a ‘trade setback'
Zim imports ban: SA's Musina ghost town

HARARE: Government has issued over 6,000 import certificates, with three quarters of those for South African products, five months after it tightened the flow of imports to curb dumping of substandard products onto the local market.

The southern African country enforced a Consignment-Based Conformity Assessment (CBCA) programme in March this year under Statutory Instrument 132 of 2015 to ensure that the goods imported into Zimbabwe comply with accepted quality.

A French company Bureau Veritas, has been contracted to enforce the import standards.

South Africa is Zimbabwe’s largest trading partner, accounting for about 70 percent of imported goods in the southern African country and over 60 percent of its total trade, official figures show.

“It has been observed that most certificates were issued on imports coming from South Africa constituting 75 percent, followed by China, and the rest of the world,” said the minister of Industry and Commerce Mike Bimha at the launch of Bureau Veritas office in Harare.

A total of 6,004 CBCA certificates have been issued so far, Bimha added.

The import policing programme has seen a general improvement in quality and the number of consignments failing to meet standards has fallen to 44 percent from 67 percent since March when it started.

About 58 percent of the accepted imports are for chemical, machinery and food products as well as electrical equipment.

The majority of failures are mostly electrical equipment and machinery, plastics and chemical products, Bimha added.

Zimbabwe has been battling a tide of cheap and predominantly substandard products from China and neighbouring countries, which has pushed its own manufacturing industry on the brink and widened its trade deficit.

In 2015, it registered a trade deficit of $3,3 billion, about a fifth of its GDP, after exports for the full year to December amounted to $2,7 billion against imports of $6 billion.

A similar trend is expected this year as the manufacturing sector remains flat amid a worsening cash shortage.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker