British Minister for International Trade, Ranil
Jayawardena, and the Mozambican Minister of Industry and Trade, Carlos
Mesquita, held a meeting this Monday to discuss the impact of Covid-19 in
Mozambique and assess bilateral trade opportunities.
Total trade in goods and services between the United
Kingdom and Mozambique increased year-on-year by 45% in 2019. Following the
participation of Minister Carlos Mesquita and President Filipe Nyusi at the
UK-Africa Investment Summit in London earlier this year, this follow-up meeting
focused on the UK’s role in supporting Mozambique’s economic recovery. The
United Kingdom reiterated its commitment to helping Mozambique open up supply
chains and fair trade practices in response to the pandemic.
The United Kingdom is also offering technical support
for the development of an action plan to minimise the impact of Covid-19 on the
main productive sectors of the economy, including agriculture, energy and
industry, promoting a green recovery. Mozambique’s strategic location gives it
the opportunity to assume regional leadership in facilitating trade.
The United Kingdom can provide technical support to
Mozambique on trade policy and facilitation issues through its Trade and
Investment Advocacy Fund.
and the United Kingdom want to strengthen
bilateral trade relations, with SACU and Mozambique Economic Partnership
Agreement (EPA) is the next step in the partnership. The United Kingdom is
pleased that Mozambique was able to sign, last year, an Economic Partnership Agreement
which will guarantee and strengthen business relations for years to come. The
agreement allows UK companies to continue to negotiate on preferential terms
with South Africa, Botswana, Lesotho, Namibia, Eswatini and Mozambique. It also
supports the economic development of these Commonwealth partners, laying the
foundation for new business and investment in the future. SACU+M countries are
an important market for British exports of machinery and mechanical appliances
worth £409 million in 2018, motor vehicles worth £335 million and beverages,
including whisky, worth £ 136 million.
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