News / National
Zimbabwe to rejig import ban as SA flexes economic muscle
17 Aug 2016 at 03:41hrs | Views
South Africa's recommendations on the reduction of surtax and duty on 112 products is set to be discussed by Cabinet soon, Industry and Commerce minister Mike Bimha has said.
Bimha said his team was working on the recommendations before the Sadc meeting scheduled for this week.
This came after South Africa flexed its economic muscle in response to Statutory Instrument (SI) 64 of 2016, which now restricts the importation of over 40 products.
The neighboring country has requested the review of duty and surtax on 112 products. Article three states that consultations must first be made with the Committee of Trade Ministers in Sadc before looking any adjustments to import policies.
Source - newsday