ZIMBABWE and Mozambique are expanding economic relations with sixteen local companies on an outward seller mission in Manica Province to increase the country’s export base.
The countries’ bilateral relations have been expanded from a Joint Permanent Commission of Cooperation (JPCC) to a Bi-National Commission (BNC).
This has opened opportunities for Zimbabwean companies to pursue investment opportunities in the neighbouring country with the national trade development and promotion organisation -Zimtrade organising an outward seller mission to Mozambique.
According to Zimtrade Operations Director, Mr Similo Nkala, the mission is part of efforts to swing the trade balance in favour of Zimbabwe, leveraging on the proximity dividend to fend off competition from South Africa which is currently having a large share of spoils from this region.
“We are currently in Manica Province and we are happy with what we have witnessed so far as our products have been largely accepted and it gives us a good starting point in reversing the status quo where South African products have a slight advantage,” he said.
The interactive sessions of buyers and participating companies have revealed that processed food items such as milk, cereals and cordial drinks are the most sought after products in addition to mining equipment and accessories.
“As exporters, we are satisfied by the reception that we got here and inquiries are ongoing which I think will manifest as monetary value to our economy,” said Mrs Mutsai Mukungatu-Zimbabwean Exporter and Mozambique Buyer.
Zimbabwe’s economic development matrix is underpinned on a vibrant export-led economy, hence the outward seller missions by Zimtrade and local companies.