Zimbabwe Trade

Subchapters:

  • Business Relationships
  • Foreign direct investment
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

Zimbabwe is a relatively minor market for the EU. From the point of view of the EU, the trade balance has been negative for a long time. In the commodity composition of Zimbabwean exports to the EU, important items are beef, tobacco, steel and diamonds, followed by cut flowers and fresh vegetables. The EU exports engineering products of all kinds, transport equipment, medicine and food to Zimbabwe.

2017 2018 2019 2020 2021
Exports from the EU (million EUR) 157.9 180.6 150.8 148.4 186.1
Imports into the EU (million EUR) 365.5 360 359.3 405.8 398.6
Balance with the EU (million EUR) 207.6 179.4 208.5 257.5 212.5

Source: European Commission

Trade relations with the Czech Republic

Mutual trade is rather sporadic, although the volume of trade has increased somewhat over the past two years. In recent years, the main import items from Zimbabwe have been citrus fruits, flowers, products of the mining and chemical industry, Czech exports consist of various items, mainly of the chemical (preparations for the extraction of raw materials) and engineering industry, but in limited quantities.

2017 2018 2019 2020 2021
Exports from the Czech Republic (million CZK) 20.9 44.3 56.4 56.4 74.0
Import to the Czech Republic (million CZK) 50.3 45.2 38.0 84.3 94.9
Balance with the Czech Republic (million CZK) -29.3 -1.0 18.4 -28.0 -20.9

Source: businesscarriers.com

Trade relations with countries outside the EU

Zimbabwe’s dominant trade partner in both imports and exports is the South African Republic, other important partners are (in exports) Great Britain and other countries in the southern African region, in imports China, the USA and other countries in the southern African region. Zimbabwe’s main exports are gold, tobacco, nickel ore and concentrate, platinum, ferrochrome alloy, diamonds, sugar, cotton. In the structure of imports, fuel, food, pharmaceuticals, motor vehicles, and fertilizers occupy the largest share.

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) 3 160.5 3,440.4 2,866.7 4,197.7 3,882.0
Imports to countries outside the EU (million EUR) 3,252.8 3,521.6 2,983.3 3,302.5 3,453.2
Balance with non-EU countries (million EUR) -92.3 -81.2 -116.6 895.2 428.8

Source: EIU, Eurostat

Foreign direct investment

According to UNCTAD data, the inflow of foreign direct investment to Zimbabwe has been significantly decreasing in recent years (745 million USD in 2018, 240 million USD in 2019, 194 million USD in 2020), which is probably related to, among other things, the COVID- 19. President Mnangagwa’s government has failed to fundamentally improve the country’s business environment and attract investors. Foreign direct investments are directed mainly to the mining sector (diamonds, gold, nickel, platinum), infrastructure, wood processing industry, healthcare, water management and sanitation, financial services, tourism, manufacturing and agriculture. China is the largest foreign investor in Zimbabwe. Russia, Iran and India are also significant investors in the country. In the latest edition of the World Bank’s Doing Business Index for 2020, Zimbabwe was ranked 140 out of 190 countries.

FTAs and treaties

Treaties with the EU

Zimbabwe is part of the East and Southern Africa region, with which the EU negotiated an interim Economic Partnership Agreement (EPA) in 2007. Not all countries in the region have joined it, but Zimbabwe is one of the signatories.

Contracts with the Czech Republic

The contractual base with the Czech Republic is limited to the following two agreements:

  • Agreement on Scientific and Technical Cooperation between the Government of the Czechoslovakia and the Government of the Republic of Zimbabwe (1983)
  • Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Zimbabwe on Cultural and Scientific Cooperation (1984)

Although the Czech Republic and Zimbabwe signed an agreement on investment support and protection in 1999, only the Czech Republic subsequently ratified it.

Developmental cooperation

Zimbabwe is a recipient of development and humanitarian aid. The main funder is the EU, whose programs are mainly focused on the areas of sustainable development of agriculture, healthcare and good governance and civil rights.

Prospective fields of study (MOP)

Zimbabwe is not included in the ILO.

 

Practical telephone numbers (emergency services, police, firemen, information lines, etc.)

Emergency lines:

994 – rapid rescue assistance

993 – firefighters

995 – police (in Harare you can also call +263 4 777777)

However, the functionality of these connections is unstable, and even a successful connection with the operator does not guarantee a quick and competent response. Especially outside big cities, emergency lines can be completely unusable.

Among the available hospitals, we can recommend:

Avenues Clinic, Corner Baines &, Mazowe St, Harare, +263 8677 006175

Borrowdale Trauma Centre, 1 Borrowdale Lane, Harare, non-stop hotline: +263 0776133599 / 0773174123, http://traumazim.com/.

Only some hospitals have their own ambulances. MARS (www.mars.co.zw) private ambulance service stations operate in the largest cities and major tourist destinations. Before the trip, it is recommended to check whether the agreed travel insurance also covers interventions by this private company. Otherwise, at least one month’s insurance can be arranged directly in Zimbabwe to ensure the arrival of an ambulance in case of need.

Important web links and contacts

Government:

Ministry of Defense and War Veterans Affairs: http://www.mod.gov.zw/

Ministry of Energy and Power Development: http://www.energy.gov.zw/

Ministry of Finance and Economic Development: http://zimtreasury.gov.zw/

Ministry of Foreign Affairs and International Trade: http://www.zimfa.gov.zw

Ministry of Health and Child Care: http://www.mohcc.gov.zw/

Ministry of Higher and Tertiary Education, Science and Technology Development: http://www.mhtestd.gov.zw/

Ministry of Home Affairs and Cultural Heritage: http://www.moha.gov.zw/en/

Ministry of Industry and Commerce: http://www.mic.gov.zw/

Ministry of Information Communication Technology and Courier Services: http://www.ictministry.gov.zw/

Ministry of Information, Publicity and Broadcasting Services: https://www.infomin.org.zw/

Ministry of Justice, Legal and Parliamentary Affairs: http://www.justice.gov.zw/

Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement: http://www.moa.gov.zw/

Ministry of Local Government, Public Works And National Housing: http://www.mlg.gov.zw/

Ministry of Mines and Mining Development: http://www.mines.gov.zw/

Ministry of National Housing and Social Amenities: http://www.zim.gov.zw/index.php/en/my-government/government-ministries/national-housing-and-social-amenities

Ministry of Primary and Secondary Education: http://www.mopse.co.zw/

Ministry of Public Service, Labor and Social Welfare: https://www.mpslsw.gov.zw/

Ministry of Transport and Infrastructural Development: http://www.transcom.gov.zw/

Ministry of Youth, Sport, Arts and Recreation: http://www.zim.gov.zw/index.php/en/my-government/government-ministries/youth,-sport,-arts-and-recreation

Ministry of Higher Education, Science and Technology Development: http://www.mhet.gov.zw/

Chamber of Commerce:

Zimbabwe National Chamber of Commerce: https://www.zncc.co.zw/

Investment Promotion Agency:

Zimbabwe Investment & Development Agency: https://www.tradezimbabwe.com/partners/zia

Tax and Customs Office:

Zimbabwe Revenue Authority: https://www.zimra.co.zw/

Central Bank:

Reserve Bank of Zimbabwe: https://rbz.co.zw/

Zimbabwe Trade