Cooking Oil Producers Urge Govt To Scrap Import Duty On Raw Materials

The Oil Expressors Association Of Zimbabwe (OEAZ) is calling for the government to remove import duty on all raw materials to boost production and improve the competitiveness of local producers. Zimbabwe imports most of the raw materials needed in the production of cooking oil. This has led to shortages of the product on the local market due to foreign currency scarcity. OEAZ insists that import duty on the raw materials needed in the production of cooking oil is a stumbling block to local manufacturers’ competitiveness. The organisation’s chairperson, Busisa Moyo said

It must be noted that manufacturers have always and still require four to six licences and permits to bring soya beans, crude and agricultural raw materials commodities. We are lobbying for the removal of import duties on all raw materials to the sector, we are structuring procurement around the awaited AfreximBank $500m facility.

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