Mozambican products exported to the United Kingdom will continue to receive preferential treatment, even with the country’s departure from the European Union, under a recently signed agreement between the two countries in London.
The agreement, also signed by members of the Southern African Customs Union (SACU), namely South Africa, Botswana, Namibia, Lesotho and eSwatini (formerly Swaziland), establishes a free trade area that allows products from this group of countries access to the British market free of quotas and with exemption from customs duties.
Mozambique, along with other SACU members, in 2016 signed an Economic Partnership Agreement (EPA) with the European Union, an organisation of which the United Kingdom is still part.
The agreement signed with the United Kingdom a few days ago is a replica of the EPA that the SACU and Mozambique countries established with the European Union in 2016 and aims to ensure preferential trade between the parties following the withdrawal of the United Kingdom from the European Union.
Source: Macauhub
