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Import restrictions in Zim have no effect on Common Market: Comesa

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HARARE


Common Market for Eastern and Southern Africa Competition Commission chief executive George Lipimile said recently introduced import restrictions in Zimbabwe under Statutory Instrument 64 of 2016 have no effect on the common market. Government recently introduced import controls on selected products including Nestle’s cremora, maheu and baked beans on a bid to provide space for local industry to retool and increase capacity utilisation. Article 55 of the Treaty establishing the Common Market for Eastern and Southern Africa sets out the foundation for the development of competition policy in the Common Market. Article 55(1) specifically requires member states to prescribe conduct that has the effect of negating free and liberalised trade within the Common Market, which is the principal objective of the regional competition policy. To realise this objective, the COMESA Treaty provides in Article 55(3) that the “Council shall make regulations to regulate competition within the Member States”. – Herald

 

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