ZimTrade is hosting a business delegation representing eight firms in the agricultural sector from Tanzania, with a view to generate more exports and further business synergies.
The visit by eight firm’s representatives from Tanzania is part of the ongoing engagement between the two countries with a view to boost trade in various sectors of the economy.
The buyers will engage in one-on-one meetings with Zimbabwean suppliers in Harare and Bulawayo with the objective of negotiating supply contracts and generating export orders and they will have the opportunity to conduct factory tours of Zimbabwean manufacturers.
ZimTrade chief executive officer Mrs Stembile Pilime said the meeting will open a number of avenues for further engagements in relation to the country’s thrust of increasing export receipts.
The networking platform follows a comprehensive market survey that was conducted by ZimTrade in Dar-es-Salaam in April 2016.
The survey identified market opportunities in pharmaceuticals, agricultural implements and inputs, clothing and footwear, construction, engineering services and food processing among others.
According to Trademap, Zimbabwe’s exports to Tanzania grew from US$2.9 million to US$5.7 million between 2012 and 2015.
Despite this growth, exports to Tanzania accounted for less than 0.05 percent of Tanzania’s total Import Bill in 2015, whilst in the same year, South Africa and Kenya contributed 3.5 percent and 1.6 percent in that order.