Zimbabwe plans to remove some of the restrictive factors that are making it difficult for local companies to export as part of efforts to increase capital inflows and foreign direct investments (FDIs).
The second phase of a 100 day ease of doing business reforms which started early this week will focus on modalities to increase exports, factors affecting export viability, as well as solving the major challenges to export growth.
Concern is being raised over the delays in the issuance of export permits to companies, with revelations it is taking more than two months for some firms to be granted the authority to sell a certain product to external markets.
A member of the ease of doing business reforms taskforce in the Office of the President and Cabinet Professor Ashok Chakravati says the next 100 days will result in widespread consultations involving industry, economic policy makers, the business, government among others on the removal of restrictive measures on exports.
“There is need to focus on viable strategies to unlock export growth and instill that sense of confidence on the entire economy,” he said.
There is also need for the government to ensure that its borrowings are concentrated on production to increase capital inflows, says an economist Mr Persistence Gwanyanya.
“There is really that need to enhance export growth because it is the only way to increase confidence within this economy,” Mr Gwanyanya said.\
According to the Reserve Bank of Zimbabwe, exports are important towards increasing the availability of foreign exchange which is required by industry and commerce.