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Zambia and Congo sign bilateral trade agreement

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Staff writer ▼ | August 10, 2015
Congo
Deal in Africa   Duty free trade between African nations

Zambia and the Democratic Republic of Congo (DRC) have signed a bilateral trade agreement that will allow both countries to import goods from each other duty free.

The trade agreement will however, only be functional after the two countries finalize the two signed addendums of lists of goods each of them will be importing from each other as per agreement.

Commerce, Trade and Industry Minister Margerate Mwanakatwe who signed on behalf of Zambia has disclosed that the Zambian and Congolese governments have also agreed that goods listed on the two addendums will be subject to review as more goods will be added to the lists.

Mwanakatwe says the signed trade agreement also covers provisions that would enable Zambia and the DRC to adopt measures to deal with unfair trade and curbing of smuggling.

She notes that this is in addition to facilitating the exchange of information between border authorities from both countries and the establishment of common border infrastructure such as banks and trade centers.

Mwanakatwe states that the trade agreement further makes provisions for both countries to take among other necessary measures the protection of national security interests and public health.


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