Under the terms of a new constitution document drawn up this week, the Zimbabwe's president will not be able to hold office for more than ten years, declare war or dissolve parliament.
The presidency would be limited to two five-year terms.
The constitutional review was agreed as part of the 2008 powersharing arrangement between the current president Robert Mugabe, and opposition leave Morgan Tsvangirai.
There is currently no limit on the presidency, and Mugabe has been in power since 1980.
The document must be agreed by both sides before it is placed before the people later this year at a referendum. It also outlines the granting of greater power for provincial councils.
On Monday, EU foreign ministers are expected to ease sanctions citing steps taken towards democracy.