Home LOCAL NEWS #SanctionsmMarch DEAL WITH THE ELEPHANT IN THE ROOM FIRST: Western Countries

#SanctionsmMarch DEAL WITH THE ELEPHANT IN THE ROOM FIRST: Western Countries

#SanctionsmMarch DEAL WITH THE ELEPHANT IN THE HOUSE FIRST: Western Countries

#SanctionsmMarch DEAL WITH THE ELEPHANT IN THE ROOM FIRST: Western Countries

Zimbabwe today holds a march against ‘illegal’ sanctions that were imposed by the United States and the European Union. The sanctions have crippled every aspect of the economy with ordinary citizens feeling the brunt.

#SanctionsmMarch DEAL WITH THE ELEPHANT IN THE HOUSE FIRST: Western Countries

The USA embassy shared the below statement, giving their side of the story.

5 FACTS ABOUT U.S. SANCTIONS IN ZIMBABWE

1) U.S. sanctions largely target those who engage in corruption, violate human rights and undermine democratic institutions or processes: only 111 individuals and companies, in a country of 16 million. are currently targeted by the Zimbabwe sanctions program.

2) Targeted sanctions do not prohibit trade between the United States and Zimbabwe: U.S. companies are free to invest and sell goods in Zimbabwe and the Embassy is actively promoting trade and investment between our countries. Targeted sanctions restrict trade and travel for only those on the sanctions list and any entities they own.

3) ZDERA and targeted sanctions are different: ZDERA aims to restrict U.S. debt relief and voting at international financial institutions (Ms), and provides a road map for engagement. It is important to know, however, that the United States has never invoked ZDERA. Zimbabwe does not qualify for new lending consideration because it has failed to make necessary political and economic reforms that would allow IFI boards to consider it for debt relief and new lending.

4) The sanctions list is a living document: Since 2003, the U.S. government has sanctioned more than 130 individuals and 60 companies under the Zimbabwe programs. During this time, it has also removed about one-third of the individuals and several of the companies from the list. Individuals on the list may petition for removal. and U.S. persons may apply for licenses to do business with sanctioned individuals and companies.

5) Failed economic policies and corruption, not sanctions, hinder Zimbabwe’s economic growth: Billions of dollars have been lost due to decades of corruption and harmful economic policies which have culminated in the current economic CSISI s. Zimbabwe has had both prosperous and difficult years during the life of the targeted sanctions program. Implementation of economic and political reforms are the key to improving Zimbabwe’s trajectory.

Not to be left behind, The European Union Shared the Statements below.

#DidYouKnow? The EU has not imposed sanctions on Zimbabwe. Our restrictive measures comprise of a travel ban and asset freeze against former Presidential couple, a ban for European companies to do business with Zimbabwe Defence Industries, and an arms embargo. That’s all.

#DidYouKnow? We have not been presented with any evidence that any Zimbabwean not on the list or indeed the country’s economy, including foreign direct investment, are affected negatively by these measures. There are no legal restrictions on EU investment entering the country.

EU restrictive measures are ONLY on the Mugabes and the Zimbabwe Defence Industries.

The UK stands with Zimbabweans in the fight against corruption and rights abuses. Thats where the govt should focus its efforts.

#DidYouKnow? None of the restrictive measures has an impact on trade and the tariff and quota free privileged access of Zimbabwean goods to the #EU market granted by the Economic and Partnership Agreement (#EPA) that was ratified in 2012.

#DidYouKnow? The restrictive measures are reviewed annually and changes can be made at any time, when Zimbabwe demonstrates that conditions that lead to their imposition have substantially changed – and once all EU Member States agree on that.

#DidYouKnow? While Zimbabwe has a massive overall trade deficit, the country enjoys a trade surplus with the EU. Just recently, Zimbabwe and the EU launched negotiations on the expansion of the #EPA, to expand its scope to, for example, services and investments.

#DidYouKnow? The EU is one of the biggest donors to Zimbabwe. From 2014-2020, we provide USD 260 million, plus humanitarian assistance. Today, we announced a top up of an additional USD 60 million for the benefit of the people.

#DidYouKnow?

#EU has NOT imposed sanctions on Zimbabwe.

🇪🇺Restrictive measures are:

* A travel ban and asset freeze against former Presidential couple,
* A ban for European companies to do business with Zim. Defense Industries * An arms embargo.

That’s all.

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