By BUUMBA CHIMBULUZAMBIA needs to reinforce its competition and anti-dumping laws to ensure that the liberalisation of the markets does not bring rise to anticompetitive practices by foreign players as it participates in the Africa Continental Free Trade Area (AfCFTA).Reinforcing such laws will protect the country from the dumping of substandard or unwanted goods into the market, says Centre for Trade Policy and Development (CTPD) Researcher – Trade and Development, Tawila Anamela.Mr Anamela in a statement yesterday reminded industry players that the opening of local markets to the entire continent would have a strain on the infant industries.He explained that this was because producers from more efficient and/or developed countries would now have free access to the local market, meaning industries would be required to compete with products and services that benefited from better economies of scale.“To the Small and Medium Enterprises (SMEs) and other local industry players, there must be a deliberate action to […]
REINFORCE COMPETITION, ANTI-DUMPING LAWS – PROTECT INFANT INDUSTRIES IN THE AFCFTA OPEN MARKET
