Post by Trade facilitator on Apr 26, 2013 8:23:45 GMT 1
South Africa and China, two of Zimbabwe’s largest trading partners, are the biggest exhibitors at the Zimbabwe International Trade Fair (ZITF) being hosted here.
A total of 17 countries out of last year’s 14 are participating in the trade fair that will be officially opened by Malawi’s president Joyce Banda on Friday.
Tanzania is participating at the fair after a long absence while Ghana is participating for the first time.
This year’s ZITF is running under the theme:”Building Value, Enhancing Growth”.
“The theme acknowledges the importance of value addition for sustainable economic growth,” said the ZITF general manager Daniel Chigaru. It is a challenge to all businesses to value adds their products and services in order to maximise profits and tap into wealth of Zimbabwe’s resource base.”
The South African Government Information said Deputy Minister of Trade and Industry, Elizabeth Thabethe is leading a group of 47 South African companies to the ZITF.
The South African companies exhibiting at the fair were assisted by the Department of Trade and Industry (the dti) through its Export Marketing and Investment Assistance Scheme (EMIA).
“As the ZITF has a strong international orientation, it will offer regional and international business contacts to the South African exhibitors. They will also get an opportunity to market their products and services, increase their market knowledge of Zimbabwe, increase exports of South African manufactured goods and services, obtain trade leads, and generate export orders. Also, by establishing their presence in Zimbabwe, the South African companies will be able to access other markets in the Southern African Development Community (SADC) region like Zambia, Democratic Republic of Congo and Angola,” said Thabethe.
She added that it was important for South Africa to continue pursuing economic collaboration and partnerships with Zimbabwe for the purpose of achieving sustainable economic development and integration in the SADC region.
Zimbabwe incurred a negative trade balance of $532 million from its trade with South Africa after importing US$3,2 billion worth of goods compared to exports to the same country of US$2,7 billion.
Trade between the two countries totalled $5,9 billion last year from $4,6 billion in 2011 and South Africa remains Zimbabwe’s biggest trading partner accounting for more than 60 percent imports.
The China Development Bank last year reported that it planned $10 billion worth of investment in Zimbabwe over the next five years.
China’s trade with Africa has surged from about $10 billion in 2000 to $166 billion in 2011.
Source: www.bizday.co.zw/2013/04/26/south-africachina-zitfs-biggest-exhibitors/
A total of 17 countries out of last year’s 14 are participating in the trade fair that will be officially opened by Malawi’s president Joyce Banda on Friday.
Tanzania is participating at the fair after a long absence while Ghana is participating for the first time.
This year’s ZITF is running under the theme:”Building Value, Enhancing Growth”.
“The theme acknowledges the importance of value addition for sustainable economic growth,” said the ZITF general manager Daniel Chigaru. It is a challenge to all businesses to value adds their products and services in order to maximise profits and tap into wealth of Zimbabwe’s resource base.”
The South African Government Information said Deputy Minister of Trade and Industry, Elizabeth Thabethe is leading a group of 47 South African companies to the ZITF.
The South African companies exhibiting at the fair were assisted by the Department of Trade and Industry (the dti) through its Export Marketing and Investment Assistance Scheme (EMIA).
“As the ZITF has a strong international orientation, it will offer regional and international business contacts to the South African exhibitors. They will also get an opportunity to market their products and services, increase their market knowledge of Zimbabwe, increase exports of South African manufactured goods and services, obtain trade leads, and generate export orders. Also, by establishing their presence in Zimbabwe, the South African companies will be able to access other markets in the Southern African Development Community (SADC) region like Zambia, Democratic Republic of Congo and Angola,” said Thabethe.
She added that it was important for South Africa to continue pursuing economic collaboration and partnerships with Zimbabwe for the purpose of achieving sustainable economic development and integration in the SADC region.
Zimbabwe incurred a negative trade balance of $532 million from its trade with South Africa after importing US$3,2 billion worth of goods compared to exports to the same country of US$2,7 billion.
Trade between the two countries totalled $5,9 billion last year from $4,6 billion in 2011 and South Africa remains Zimbabwe’s biggest trading partner accounting for more than 60 percent imports.
The China Development Bank last year reported that it planned $10 billion worth of investment in Zimbabwe over the next five years.
China’s trade with Africa has surged from about $10 billion in 2000 to $166 billion in 2011.
Source: www.bizday.co.zw/2013/04/26/south-africachina-zitfs-biggest-exhibitors/
