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Tesco to end trade with Zimbabwe | Tesco to end trade with Zimbabwe |
(30 minutes later) | |
Supermarket chain Tesco has announced it will stop sourcing products from Zimbabwe while "the political crisis persists" there. | Supermarket chain Tesco has announced it will stop sourcing products from Zimbabwe while "the political crisis persists" there. |
The retail giant buys around £1m ($1.9m) worth of goods, including vegetables, from Zimbabwe. | The retail giant buys around £1m ($1.9m) worth of goods, including vegetables, from Zimbabwe. |
Tesco said it was looking for other ways to support workers there. | Tesco said it was looking for other ways to support workers there. |
The move comes a day after a Foreign Office minister urged firms trading with Zimbabwe to "look carefully" at their investments. | The move comes a day after a Foreign Office minister urged firms trading with Zimbabwe to "look carefully" at their investments. |
The international community has expressed concern at the presidential election re-run, which saw Robert Mugabe claim victory as the sole candidate after opposition leader Morgan Tsvangirai withdrew citing pre-poll violence. | |
We cannot ignore the escalating political crisis in Zimbabwe Tesco statement class="" href="/1/hi/business/7481496.stm">Analysis: UK trade with Zimbabwe | |
The UN has urged African leaders to try to negotiate a solution to the Zimbabwe's crisis. | The UN has urged African leaders to try to negotiate a solution to the Zimbabwe's crisis. |
Foreign Office Minister Lord Malloch Brown told UK firms that they would find it harder to operate there as sanctions tightened. | |
'Continued support' | |
Tesco said it had been "a difficult decision" to end its trade with Zimbabwe. | Tesco said it had been "a difficult decision" to end its trade with Zimbabwe. |
"We cannot ignore the escalating political crisis in Zimbabwe, and the growing consensus in the international community - including from UK politicians on all sides - that further action must be taken to maximise the pressure for change," the company said in a statement. | |
It added that it was urgently seeking to ensure workers who supplied the retailer and their families were affected as little as possible. | |
"We cannot continue to support them through trade, but are urgently finding ways to support them by other means," Tesco said. | |
The retailer had used its concern for Zimbabwean workers as a reason for maintaining its commercial ties with the troubled African nation. | |
Last week, it said it would be "irresponsible" to withdraw from the country. | |
Former Africa minister, Peter Hain MP, welcomed Tesco's decision. | |
"I hope it will give a lead to other British and global companies to freeze or suspend ties with Zimbabwe under Mugabe's tyranny," Mr Hain said. | |
"This is a decisive time when everybody and every institution in a position to take a stand should do so." | |
Rival retailers Waitrose and Sainsbury's both buy fish from Zimbabwe. |