US plans trade sanctions on Zimbabwe - News Summed Up

US plans trade sanctions on Zimbabwe


Press Release: https://t.co/shU2B6oHjk — U.S. Embassy Harare (@usembassyharare) November 1, 2020Should Zimbabwe fail the review, a trade embargo would be the latest addition to a 20-year old regime of American sanctions on Zimbabwe. Zimbabwe had a positive trade deficit of US$41 million as it exported more than it imported from America. Of these exports, Zimbabwe exported agricultural produce worth US$16 million in 2018, including tobacco and tea. A trade embargo on Zimbabwe would affect Hippo Valley, one of the country’s biggest sugar producers. The company said it planned to export 18 198 tonnes to the United States, which includes a prior year reallocation of 4 672 tonnes.


Source: The North Africa Journal November 01, 2020 16:34 UTC



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