Government Rovokes Ban On Maize Export

ACTING President Edgar Lungu has reversed the decision to ban the export of maize and its products.
This follows wide consultations between Government and other stakeholders, both locally and internationally, in order to ensure there are no “misunderstandings”.
“That ban has been reversed because the down-sides of having it in place are many.
“They include fuelling underground smuggling rings…it’s best to have formal trade and gain something than have a ban and bleed good money through smuggling,” he said.
Recently, Minister of Agriculture and Cooperatives Bob Sichinga suspended the export of maize and its products.
Mr Lungu said at a press briefing in Lusaka yesterday that there is need to respect existing contractual obligations between the Zambian government, other governments and players in the market, such as commercial entities.
He said it will be unfair to stop the export of maize when several countries in the sub-region, among them the Democratic Republic of Congo, Tanzania, Malawi and Zimbabwe, have shown interest in buying maize from Zambia.

Posted by Admin on April 9, 2013. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry