Zimbabwe and Japan have committed to deepening trade ties with the establishment of the Zimbabwe-Japan Business Association meant to promote economic cooperation between the two countries.

The ongoing 2018 Zimbabwe National Chamber of Commerce (ZNCC) congress saw the signing of a memorandum of understanding between the Japanese embassy and the local business representative body meant to strengthen ties between the business communities of the two friendly countries.

Speaking after the signing ceremony which has seen the establishment of the Zimbabwe-Japan Business Association, ZNCC Chief Executive Officer Mr Christopher Mugaga said there is need to exploit the vast business opportunities which exist in the two countries and to deepen the trade ties.

“as the chamber of business we are so excited about the establishment of the Zimbabwe-Japan Business Association and we hope this will result in the deepening of economic ties between the two countries,” said Mr Mugaga.

Several Japanese firms’ representatives are attending the 2018 ZNCC congress which is being held at a time Zimbabwe has stepped up efforts to re-engage with the international community and to accelerate the economic reform drive.

The ZNCC congress running under the theme: ‘Enterprise Development, Corporate Entrepreneurship and Sustainable Growth’ will see delegates deliberating on key economic issues such as the industrialisation, industry competitiveness, financial sector stability and regional trade.