Commerce minister Felix Mutati on Saturday refused to sign the interim Economic Partnership Agreement (EPA) with the European Union, saying Zambia will sign at a later date.
Zambia will soon sign with the European Union (EU) an interim free trade agreement. Zambia is the first country from the Southern Africa region to do so, while waiting to conclude a full Economic Partnership Agreement (APE) with all countries of Southern Africa.
The European Commission has struck a trade deal with Zambia that will give the southern African country full access to European Union markets, the EU executive said on Wednesday.
Commerce, Trade and Industry Minister, Felix Mutati, has reiterated Eastern and Southern African (ESA) countries’ commitment to conclude a comprehensive, inclusive and development friendly Economic Partnership Agreement (EPA) with the European Union (EU).
With six months remaining for African, Caribbean and Pacific (ACP) countries to sign the Economic Partnership Agreement (EPA), the Common Market for Eastern and Southern Africa (COMESA) says it has intensified discussions with the European Commission (EC) on the rules of origin.
President Mwanawasa alongside other Common Market for Eastern and Southern Africa (COMESA) heads of State endorsed Zambia’s commitment to the launch of the COMESA Customs Union (CU) by December 8 next year during the recently-held COMESA summit in Nairobi, Kenya.
The Government has announced that Zambia will this year host the 27th Southern African Development Community (SADC) ordinary summit of Heads of State at which President Mwanawasa will assume the chair of the grouping.
Namibia and Zambia have signed two agreements — one on political consultation between their foreign affairs ministries and another on the establishment of a dry port facility at Walvis Bay.
ZANIS-Vice President Lupando Mwape has advised the Common Market for Eastern and Southern Africa (COMESA) to take into account the global, regional and local developments in all its endeavours.
Zambia stands to lose about US$15 million if it maintains its economic partnership agreement with the European Union (EU), Minister of Commerce, Trade and Industry Dipak Patel has said.