Mozambique has also concluded bilateral trade agreements with Malawi (resolution No. 7/2004 of 10 October 2006) and Zimbabwe (resolution No. 7/2004 of 14 April). Use the drop-down menu to search by agreement by country group, agreement type, or status. You can also use the filter option to search for keywords. Both sides could request a review of the agreement two years after its ratification and implementation. [1]:11 Learn more about Canada`s trade and investment agreements: types of agreements and how trade and investment agreements evolve in stages. Obstacles to its development include inefficient import and export procedures, inadequate transport infrastructure and services, a poor regulatory environment and physical security issues. In the coming years, the Mozambican government will work to address these issues by diversifying its economy, fighting corruption, investing in infrastructure development and improving trade facilitation (Bertelsmann Stiftung 2014, WTO 2009). Use the drop-down menu to search for an agreement by grouping countries, contract type, or status. You can also use the filter option to search for keywords.
The leaders of the two countries agreed on a preferential trade agreement (EPA) at a meeting of the Association of Indian Ocean Rim Countries in 2017. [1]:13 Negotiations on a possible EPA between Indonesia and Mozambique were proposed at the Indonesia-Africa Forum in Bali in April 2018. In addition to Mozambique, negotiations with Morocco and Tunisia were initiated following the protest. [3] This year, Indonesia and Mozambique accounted for $91.9 million in goods, with a trade balance of $30.9 million for Indonesia. [2] The first round of negotiations started in Maputo between 31 May and 1 June 2018. [4] A total of three rounds of negotiations took place – the first negotiations, one in November 2018 and a final one in February 2019. [1]:13 Mozambique is open to foreign trade, which accounts for more than 132% of the country`s GDP (World Bank, 2018). Under the African Growth and Opportunity Act (AGOA) and the Generalized System of Preferences (GSP), a wide range of Mozambican products enter the United States duty-free.
An important objective of AGOA is the duty-free importation of clothing made in Mozambique, including clothing made from fabrics from third countries. Preferential arrangements do not include reciprocal treatment of U.S. products entering Mozambique. Discover new ways to expand your international presence. Canada`s extensive (and growing) trade network provides Canadian businesses with preferential access to a variety of markets around the world. On this page, you can explore Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), Plurilateral Agreements and World Trade Organization (WTO) Agreements. Note: The contract texts on this page are for informational purposes only; official treaty texts are published in canada`s Treaty Series. Under the original agreement, Mozambique will remove tariffs on various Indonesian products – mainly palm oil and its derivatives, but also some industrial products such as pharmaceuticals and paper.
There are also other Indonesian products whose tariffs will be reduced by 25-70% of their initial tariffs. Indonesia, on the other hand, abolished tariffs on Mozambican nuts, soybeans, sunflower seeds, cotton and aluminum and reduced tariffs from 20% to 40%. [1]:9–10 In total, this affected 217 Indonesian products and 242 Mozambican products. [2] The Republic of Mozambique is classified as both a low-income country and a least developed country (LDC), with about 80 percent of the population living in poverty. The country ranked 97th out of 132 countries in the World Economic Forum`s (WEF) Enabling Trade Index (2012), which measures institutions, policies and services to facilitate trade in countries. Over the past two decades, the country`s economy has grown steadily at an annual growth rate of about 8%, mainly due to the exploitation of natural resources. Despite the high growth rate and ongoing megaprojects, Mozambique`s economy is still agrarian, employing 75% of the population. GDP is mainly based on services, agriculture and manufacturing. Obstacles to its development include inefficient import-export procedures, inadequate transport infrastructure and services, a poor regulatory environment and physical security issues. In the coming years, the Mozambican government will work to address these issues by diversifying the economy, fighting corruption, investing in infrastructure development and improving trade facilitation measures (Bertelsmann Stiftung 2014, WTO 2009). Mozambique, for its part, will reduce or phase out tariffs on many EU exports over several years.
Trade between the EU and Mozambique currently amounts to around €2 billion per year. Mozambican exports to the EU include aluminium and raw cane sugar. For more information, click here. The Republic of Mozambique is classified as a low-income and least developed country (LDC), with about 80 per cent of the population living in poverty. In the Enabling Trade Index (2012) of the World Economic Forum (WEF), the country ranked 97th. Space of 132 countries that measure institutions, policies and services to facilitate trade within countries. Over the past two decades, the country`s economy has grown rapidly with an annual growth rate of about 8%, supported mainly by the exploitation of natural resources. Despite its high growth rate and ongoing megaprojects, the Mozambican economy continues to be based on agriculture, accounting for 75% of the population`s employment. GDP is mainly based on the services, agriculture and manufacturing sectors.
The final agreement was signed on 27 August 2019 in Maputo between Indonesian Trade Minister Enggartiasto Lukita and his Mozambican counterpart Ragendra de Sousa (Minister of Industry and Trade) at the annual FACIM international exhibition. [1] [5] This was the first trade agreement between Indonesia and an African country. [6] The agreement is only in force in May 2020, subject to ratification by both countries. [7] Learn more about Canada`s trade and investment agreements: types of treaties and the gradual development of trade and investment agreements. Mozambique was the last piece of the SADC-EPA puzzle to take its place. The other five countries – Botswana, Lesotho, Namibia, South Africa and Swaziland – have been implementing the agreement since October 2016. The implementation of the EPA means that Mozambique is not obliged to pay customs duties on its exports to the EU. The EU is Africa`s largest export market.
Exports to the EU account for 22% of SADC EPA countries` exports. The EU-SADC EPA offers CCDAcs the opportunity to create jobs, attract more investment, industrialise and integrate into global value chains. On the EU side, European companies are increasingly investing in the region. Mozambique also enjoys duty-free access to many tariff products in developed and middle-income countries. The World Trade Organization database contains detailed information on preferential access to Mozambican products, including, for example, the following markets: Canada, The United States, Chile, Iceland, Norway, THE EU, Morocco, Switzerland, Montenegro, Turkey, Armenia, Russia, Kazakhstan, Tajikistan, kyrgyz Republic, India, China, Thailand, the Republic of Korea, Japan, Taipei, Australia and New Zealand. To access the database, click here. .