Zim wastes lucrative EU export window

ZIMBABWE has failed to exploit massive export opportunities to European Union (EU) markets under a duty free window  that gives forex-strapped Harare access to a bloc that presides over a US$19 trillion gross domestic product (GDP).

It is a much biggest bloc by value, compared to the 55–member African Continental Free Trade Area’s US$3,4 trillion GDP. In emailed responses to the Zimbabwe Independent this week, Jobst von Kirchmann, EU’s ambassador to Zimbabwe, projected trade between Harare and Brussels to reach US$1 billion in a few years, from about US$750 million last year.

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