EU in November 2014 lifted business embargo it had imposed on Zimbabwe in 2000 following a chaotic land redistribution exercise electoral violence.
The over decade long sanctions paralysed the countryâ€™s economy which was mainly relying on exporting agricultural products which included beef and horticulture.
According to freshplaza.com, Zimbabweâ€™s major export destinations in the EU were United Kingdom, Netherlands, Lithuania, Spain, Portugal, France and Germany.
â€œThe Netherlands came out top as Zimbabweâ€™s major export destination during the year sitting at $35 million while the United Kingdom was second at $12 million,â€ reported the online portal.
The website said in order to promote further exports into the Netherlands, Zimbabwe and a Netherlands organisation signed a Memorandum of Understanding (MoU) to support agriculture and revive the horticultural sector and help revive Zimbabweâ€™s exports to the European market which, in the last five years, had remained subdued.
The MoU targeted the horticultural sector after realising that it was a sector of quick returns which at itsÂ peak in 1999 /2000 once reachedÂ exports of $143 million.
Post published in: Agriculture