European Union
Six African countries in the South African Development Community (SADC) have been granted duty-free access to the European Union on Wednesday after EU Parliament’s approval of their Economic Partnership Agreement (EPA).
Namibia, Mozambique, Botswana, Swaziland and Lesotho can now export their products under this agreement while South Africa gets improved market access, the European Parliament said in a statement.
The deal was approved by 417 votes to 216, with 66 abstentions, the statement added.
MEPs back trade deal with six African countries https://t.co/Y213j8usoG #EPlenary #SADC pic.twitter.com/CdKGwCYorZ
— European Parliament (@Europarl_EN) September 14, 2016
The agreement will enter into force after the Council of the European Union and the parliaments of the six countries ratify the text.
The EPA will ensure immediate duty- and quota-free access for exports to the EU market and also to create new and flexible opportunities for the region.
The six countries will also liberalise 86% of their trade with the EU over ten years with the exception of agricultural and fishery products.
Mozambique will liberalise 74% of its trade under the agreement which is in compliance with World Trade Organisation (WTO) rules.
01:02
Rwanda threatens to withdraw troops from Mozambique anti-jihadist operation
01:09
New Uganda Visa-free entry for 40 countries, excluding US and EU
01:24
France to deploy aircraft carrier to Mediterranean to protect shipping
02:03
France to increase nuclear arsenal and European weapons cooperation
00:17
US-Iran conflict will have 'serious implications' for Africa, African Union warns
01:14
Ghana says at least 55 citizens killed fighting for Russia in Ukraine