The President, Cde Emmerson Mnangagwa has reiterated government’s commitment to facilitate and support productive sectors of the national economy for increased export receipts.
Officially opening the economic development and financial indaba in Harare, President Mnangagwa said government is open to dialogue with the business community, investors and other stakeholders in the quest to revive and grow the country’s economy.
“Rest assured that my government is fully committed to facilitate and support our productive sectors to grow the national economy and improve our exports. In the same vein, we remain open to dialogue with the business community, investors and all other stakeholders in our quest to revive and grow our national economy,” he said.
Cde Mnangagwa noted that the growth of the country’s economy is anchored by National Trade Policy (2019-2023) and the National Export Strategy (2019-2023) which compel stakeholders to diversify and increase their export market base.
“Government remains committed to ensuring efficiency in our bureaucratic procedures during the processing of our exports. As you are aware, our continent has ushered in a new era of economic and trade cooperation, towards a truly integrated continent through the establishment of the Africa Continental Free Trade Area (ACFTA). Africa presents a market of 1.2 billion people and a combined GDP of US$2.5 trillion, the ACFTA presents numerous new opportunities for our industries and businesses,” the President added.
This has seen government intensifying efforts towards the already-designated special economic zones across the country.
“To effectively participate in this new reality, it is important for us to identify and produce those proudly Zimbabwean goods and services that we can leverage to penetrate the continental markets. More can be proposed in line with our commitment to grow exports. I exhort the Zimbabwe business community to take advantage of our open for business policy and explore new partnerships and markets from across the world,” he explained.
The economic development and financial indaba is running under the theme: “Driving Towards A 2030 Economy Anchored On Production And Exports,” which the President described as appropriate as it brings to the fore the importance of production, productivity, and a strong export base.
“This indaba comes at a time when my government has put in place clear frameworks to transform, industrialised and modernise our economy towards the speedy attainment of an Upper Middle Income Status by 2030. There is need to harness the diverse opportunities in the various sectors of the economy. åTo date, a wide range of sector-specific policies, roadmaps and other interventions across the industrial, mining and agricultural tourism, manufacturing and services sectors among others that clearly highlight government’s support for productivity in the economy,” he said.
A fortnight ago, government launched a roadmap for a US$12 billion mining industry to be achieved by 2030.
In the agriculture sector, Cde Mnangagwa said preparations for the current 2019/2020 agriculture season are underway, with financial institutions now on board to finance the sector.
“While the supply and distribution of inputs and land preparations are progressing well, I urge all our farmers to take heed of the projected weather forecast as advised by the meteorological department. In our drive to increase exports, all farmers are urged to produce at least 20 percent of their produce for exports, and 80 percent for domestic consumption,” he said.