kimberly process plant.jpgGovernment has been urged to harness benefits under the existing international and regional trading blocks by coming up with domestic economic policies which can realign the country with regional trade practices as a way of expediting the economic recovery process.

Zimbabwe is in the process of implementing macro economic policies which are aimed at boosting domestic economic growth after years of economic challenges owing to the difficult operating environment.

 

One area of focus has been the revival of the export sector which has been seriously crippled evidenced by the decline in export earnings which resulted in the country attaining the net importer status.

 

Head of Development through Trade department with the South African Institute of International Affairs SAIIA Mr. Peter Draper says the country needs to address domestic economic policies to reposition itself as a competitive trade partner.

 

Economist Mr. James Wadi said Zimbabwe needs to harness benefits under regional trade blocks by realigning the country with regional tariffs as a way of improving products competitiveness by making the country a low cost producing destination.

 

Trade Expert Dr. Moses Tekere said trade has a significant role to play in the resuscitation of the country’s economy hence the need to leverage trade opportunities under COMESA and SADC.

 

Analysts and observers say it is important for Zimbabwe to position itself in the regional integration bodies like SADC and COMESA in a way that maximizes its benefits especially given the current economic recovery agenda.