Business / Economy
Zimbabwe to widen imports ban
01 Sep 2016 at 07:21hrs | Views
Government is considering widening the list of products prohibited from being imported into the country as part of measures meant to protect the domestic industry, which has been pushed by cheap imports to the brink of collapse.
In June, government issued Statutory Instrument (SI) 64 of 2016, which banned the importation of 42 products, sparking riots in Beitbridge, which borders Zimbabwe and South Africa - the country's biggest trading partner.
These should now brace for another round of trade restrictions as government gives in to pressure from local manufacturers who have been forced to cut back on production or close shop, overwhelmed by competition from cheaply priced imports.
Source - Fin Gaz