Zimbabwe has joined the Commercial Market for Eastern and Southern Africa (COMESA) which has the aim of implementing fair trading systems for locally-produced agriculture commodities to expand export markets.
The COMESA Competition and Tariff Commission held a number of sessions earlier this week in Harare with regulators from Zimbabwe, Kenya, Malawi, Uganda, and Zambia, among others.
The main aim of the agenda is assessing the implementation of regulations that stamp out unfair competition thereby producing substandard commodities, offering high food prices, and facilitating a single but large agro-based entity in a move that hinders the trading bloc’s agenda of competitive.
“The discussions are being focused on the need to avert the possibilities of monopolies that exploit the consumers in the form of high food prices taking advantage of their ability in terms of financial muscle we want a fair trading mechanism that will allow competition to prevail while protecting the consumers leading to quality agricultural produce or food products within the markets,” he said.
“Current measures being undertaken by Zimbabwe are highly positive as they spell the direction in which we are taking they also provide such a mechanism to learn and share with our regional peers remember our common goal is towards boosting trade,” he added.
Source Newsreportzim.com
