NTBs contributing to high cost of business – Comesa

NON-TARRIF Barriers are contributing to the high cost of business in the region, says director of trade at the Comesa Secretariat Francis Mangeni.

Officiating at the NTBs online reporting, monitoring and eliminating mechanism meeting to launch the short message service reporting tool in Lusaka on Tuesday, Dr Mangeni said the barriers reduced the gains from trade by restricting domestic market access to regional exporters.

According to Comesa, the SMS reporting mechanism by virtue of its coverage of the small and medium enterprises was intended to increase transparency and visibility of barriers constraining intra-regional trade.

He said the NTBs also denied consumers welfare enhancing opportunities which arise from access to reasonably priced regional imports.