Captains of industry, govt seek ways of boosting exports

By Stanley James

Business Editor

CAPTAINS of industry are set to engage the government on modalities of boosting exports by taking advantage of the African Continental Free Trade Area which came into force in January last year.

The meeting set for Thursday this week is also expected to see industrialists presenting their views on how the ACFTA markets present opportunities for growth including how export constraints can be addressed or solved.

Co-ordinator of the discussions, Ngonidzashe Dzirutwe revealed that issues relating to currency stability, foreign currency availability, power supply value chains including processing of raw commodities into finished goods will also be under the spotlight.

“Indeed we are meeting the government to chart the way forward on export growth including issues to do with the current challenges and how they can be addressed,” said Dzirutwe.

Economist, Eddie Cross said the success of Zimbabwe’s export growth trajectory will largely depend on addressing constraints hindering productivity within industries.

“There are several challenges hindering export growth potential and indeed it calls for stakeholder commitment to address the constraints,” he said.

The meeting will be held under the theme: ‘Achieving economic growth, value added exports in line with the National Development Strategy One.’

The ACFTA is poised to become one of the largest markets for Zimbabwe’s goods and services, offering huge opportunities for business viability due to its huge population base.

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