{"id":48057,"date":"2021-10-11T20:06:54","date_gmt":"2021-10-11T18:06:54","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=48057"},"modified":"2021-10-11T19:36:08","modified_gmt":"2021-10-11T17:36:08","slug":"afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","title":{"rendered":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> –<\/p>\n

THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transformed into a dumping market site by highly industrialised nations following the decision to ratify the continental trade agreement.<\/p>\n

AfCFTA is the brainchild of the African Union and was initiated in 2012 with the objective of establishing a single trading bloc which enjoys lowered trade barriers across the continent.<\/p>\n

It is set to bring together the continent\u2019s 55 nations, creating over l 1 billion customers for Africa\u2019s goods and services through a lucrative $3,4 trillion combined Gross Domestic Product.<\/p>\n

Trading under the new agreement commenced on January 1, 2021, and Zimbabwe has since ratified the agreement.<\/p>\n

However, local market watchers are skeptical that the agreement will not augur well for the embattled nation which is still struggling to revive industrial productivity amid fears that cheaper imports are likely to flood the country.<\/p>\n

But speaking to NewZimbabwe.com Business AfCFTA secretary general, Wamkele Mene who is currently on a three day long visit to Harare dismissed the fears underscoring that apart from watertight legal safeguards, the Southern Africa nation has huge potential.<\/p>\n

\u201cThere are potential export benefits for Zimbabwe as the country can be competitive in a number of areas. Currently it is one of the largest exporters of tobacco and as of yesterday I was informed that the country is now entering the pharmaceutical sector as well as producing oxygen.\u201d<\/p>\n

\u201cThese are giant steps from an industrial development point of view, and we know from this experience of Covid19 how the pharmaceutical sector works. In 2019 alone the continent imported US$15 billion worth of pharmaceuticals,\u201d he said.<\/p>\n

The continental bloc\u2019s leader said if Africa had a viable industrial development capacity that produces such products the crisis experienced in the first six to nine months of the pandemic would not have seen the light of the day.<\/p>\n

He expressed optimism that Zimbabwe would be able to supply oxygen to the rest of the continent someday and contribute to the drug\u2019s needs.<\/p>\n

\u201cThese are value chains that are critical for us to think about as we embark on AfCTA implementation and the industrial component.<\/p>\n

\u201cIn any trade agreement there will always be possibilities of dumping of goods, import surges, subsidized goods exported to other markets within the trade agreement. That is why we have trade remedies and clauses in the agreements to safeguard against these possibilities.<\/p>\n

\u201cIf you as a country identify that since you have entered into this agreement you have seen a surge in imports from foreign countries, you will be able to invoke the trade rules so that such errors won\u2019t happen again,\u201d said Mene.<\/p>\n

He said that AfCFTA has an infant industry protection clause which is meant to protect small industries from being overtaken by larger companies.<\/p>\n

\u201cThe safeguards are there and that is why we have 41 countries that have ratified this agreement because they are confident that the safeguards are there,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transformed into a dumping market site by highly industrialised nations following the decision to ratify the continental trade agreement. AfCFTA is the brainchild of the African Union and was initiated in 2012 with the objective […]<\/p>\n","protected":false},"author":84,"featured_media":48056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,19],"class_list":["post-48057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nAfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-11T18:06:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market\",\"datePublished\":\"2021-10-11T18:06:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\"},\"wordCount\":505,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\",\"name\":\"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg\",\"datePublished\":\"2021-10-11T18:06:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg\",\"width\":1500,\"height\":1500,\"caption\":\"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market - zimbabwe","description":"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","og_locale":"en_US","og_type":"article","og_title":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market","og_description":"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","og_site_name":"zimbabwe","article_published_time":"2021-10-11T18:06:54+00:00","og_image":[{"width":1500,"height":1500,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market","datePublished":"2021-10-11T18:06:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market"},"wordCount":505,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","homepage-english","policy","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market","name":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg","datePublished":"2021-10-11T18:06:54+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"By Alois Vinga - THE Africa Continental Free Trade Area (AfCFTA) has allayed fears Zimbabwe risks being transfor ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-616475edd9158.jpg","width":1500,"height":1500,"caption":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afcfta-boss-allays-fears-zim-will-be-a-regional-dumping-market#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"AfCFTA Boss Allays Fears Zim Will Be A Regional Dumping Market"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/48057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=48057"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/48057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/48056"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=48057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=48057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=48057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}