Shipping and freight forwarders association chairperson Juren Mtemeli says despite these effects the situation was expected and will normalize in due course.
Turning to the Common Market for East and Southern Africa, COMESA 2008 customs union area resolution, Mr. Mtemeli said while stakeholders in the import and export of goods have been active, there is need for the government to carry out aggressive awareness programmes on the benefits of the move.
The opening up of the COMESA region is expected to help in improving the movement of goods particularly transit goods, and enhance economic inter-dependency as well as stimulate regional growth through trade and economic cooperation.
The post deregulation period of the foreign exchange market has brought with it many challenges of adaptation particularly from importers who had until now been accustomed to low import cost.
Post published in: Economy