Online Reporter
Nqobile Bhebhe, Zimpapers Business
THE proposed Tariff Act is poised to become a game-changer for Zimbabwe’s industrialisation agenda, offering a robust legal framework to support strategic policy interventions aimed at accelerating economic growth and attracting both local and international investment.
This was revealed during a National Trade Tariff Validation Workshop hosted by the Competition and Tariff Commission in Bulawayo on Tuesday.
The workshop is held under the theme “Harnesing Trade Tariff policy for industrialisation.”
“It is important for us as a country to have a National Trade Tariff policy and it comes at a time when Government has crafted policies that are growing the economy,” said Ms Cecilia Mashava, Assistant Director-Tariffs.
The Act, which underpins Zimbabwe’s National Trade Tariff Policy, is expected to provide a structured, transparent, and predictable tariff system that protects local industries while ensuring compliance with regional and international trade obligations.
“The role of tariff policy also provides a structured framework to protect, nurture and grow domestic industries while balancing trade commitments,” she added.
The legislation will empower the designated investigation authority to probe unfair trade practices, administer tariff-related matters effectively, and provide technical assistance to defend Zimbabwe’s interests during international trade negotiations.
“To be in control of the micro-economic environment, we need to have our own productive industries so that we can export, reduce imports and earn foreign currency,” she added.
Some of the provision of the Act includes the rationalisation of the country’s tariff structure, alongside a comprehensive tariff review every five years to ensure alignment with dynamic economic realities and global trade standards.
By laying a strong legal foundation, the Tariff Act is set to enhance policy predictability, stimulate domestic production, and promote industrial competitiveness — reinforcing Zimbabwe’s drive towards a resilient, export-led economy.
The initiative is part of the ZIRGP 2024-2025 resolutions.
He added that the development of the Trade Tariff Policy is key for enhancing transperancy.
Government under the Second Republic is providing the necessary policy support to integrate our economy more competitively into regional and global trade such as AfCFTA, SADC and COMESA.
Government will strike a right balance between Industry support and consumer welfare.
