beitbridgeborder.jpgZimbabwe and South Africa have endorsed the One Stop Border concept for Beitbridge in a move expected to ease congestion and increase bilateral trade and investment volumes.

 

In terms of the arrangement, Beitbridge Border Post is expected to provide a platform for increased trade in the SADC and COMESA markets.

 

The Minister of Regional Integration and International Cooperation Mrs. Priscilla Misiharabwi Mushonga confirmed that government will soon be providing funds towards the refurbishment of the border post so that it can meet the requirements of a One Stop Border system.

 

“Government is already finalising the funding arrangements as we expect the system to benefit local exporting firms,” Mrs Mushonga said.

 

The Minister revealed that Zimbabwe is committed towards ensuring that the Beitbridge One Stop Border system becomes an important element in solving congestion for the benefit of exporters.

 

She said: “It will definitely be one of the best concepts in unlocking trade to an extent that this will boost trade volumes.”

 

The proposed Beitbridge One Stop Border comes at a time when Zimbabwe and Zambia last year commissioned the Chirundu One Stop Border post which also became the first pilot project in Africa.

Economic observers say if the Beitbridge One Stop Border post becomes a reality, it will also boost investment inflows after Zimbabwe and South Africa last week, ratified the Bilateral Investment Protection and Promotion Agreement (BIPPA).