EU PRESSES AFRICAN NATIONS TO OPEN UP THEIR MARKETS
The European parliament has set a target date of mid-2014 by which countries in southern African must open up their markets to exporters from the EU. This would create more opportunities for exporters and traders in the EU to do business with Africa. Many African countries have enjoyed free access to Eu markets since the 1970s as a results of several separate one-way trade agreements.EU exporters do not necessarily have free access to African markets however and the EU has been pressing these countries to open access for same years. Failure to comply with this latest EU ruling could mean they are no longer able to export duty free to European union countries.
If countries in southern africa resist that targets or fail to comply with these mesures these countries will be the ones to loss the market in EU countries. At the same time if we comply with the ruling we will benefit in the long run although this will open free access for EU exporters and broaden their market share.
What else? If we accept these ruling, remember most of exports are primary commodities and these needs to be competitive enough with these countries,are we really going to benefit?