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SADC Introducing Tax on Imports outside regional body.

Source FTW.

The Southern African Development Community (SADC) is reportedly considering introducing tax on imports from outside the regional body, according to the Zimbabwean Minister of Finance and Economic Development, Patrick Chinamasa.

He was quoted by the state-owned newspaper, The Herald, as saying that revenue from this could be used to fund the trade bloc’s developmental goals. He added that though it was commendable that the regional bloc could now fund 54% of its budget requirements; more fundraising mechanisms are needed to attain financial self-sufficiency.

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