Agrobusiness - Featured - Top Stories - 1 week ago

Food products sensitive basket classified

The Competition and Tariff Commission (CTC) has advised businesses to classify products such as wheat, maize corn, and soya bean under the food products sensitive basket.

CTC is a commission that encourages and promotes competition in all sectors of the economy it also study trends towards increased economic concentration, with a view to the investigation of monopoly situations and the prevention of such situations, where they are contrary to the public interest.

The commission held consultations in the country’s major cities and factors considered in compiling market access offer included revenue contribution, sectors development and priority sectors.

In its Q1 newsletter, the CTC highlighted that Zimbabwe will only be subjected to tariff reduction under the Africa Free Continental Trade Area (AfCFTA) after 10 years.

“The Commission concluded by tasking industry players to submit their raw materials and finished products for further clarification on implication of the AfCFTA market access offer to their operations,” the CTC said.

Oil of animal products, and margarine, processed foods such as bread, waivers, buns and rolls, corn snacks were also classified as sensitive.

Sugar, due to price distortions, alcoholic and non-alcoholic beverages were also classified as sensitive.

The bread value chain players raised concern with over the importation of bread from South Africa. The paper industry also raised a threat of dumping of books from South Africa.

 

 

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