Business

Zambia, DRC agree on trade restrictions

FELIX C. MUTATI - Ministry of Finance, Lusaka - Zambia

NKOMBO KACHEMBA, MWILA NTAMBI, Kitwe
ZAMBIA and the Democratic Republic of Congo (DRC) have agreed to remove trade restrictions imposed on the export and imports of certain goods between the two countries.

The DRC had stopped importing beer, carbonated drinks, cement and clinker used in the manufacture of cement from Zambia and would only permit similar goods from South Africa and other countries to be imported into that country.

This did not go well with Government, who also had to restrict similar goods to be imported into the DRC from other countries through the Kasumbalesa border post and other gateways to that country.
The trade barriers had been going on for a month now and Zambia is estimated to have lost US$25 million export revenue as a result of the restrictions.
Minister of Finance Felix Mutati said in an interview the two countries agreed to remove the..http://epaper.daily-mail.co.zm/

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