flea mkt.jpgThe local industry has been called upon to take advantage of the country bilateral trade agreements with regional institutions to increase export and revenue inflows.

 

The call comes after stakeholders expressed concern over the slow pace of exports growth in spite of measures being put in place by Government to improve productivity following  the introduction of the multiple currency system in January  last year.

 ZimTrade Marketing Manager, Mr Chris Tsimba says local exporting companies should increase exports through exploring regional markets such as the Common Market for East and Southern Africa (COMESA), which Zimbabwe is a member of.

“We are calling upon the relevant parties to focus on export growth so as to rake in the much needed revenue inflows in the economy,” said Mr Tsimba.

 According to the central bank, export volumes this year are expected to increase by 40% on the back of an increase in mineral exports, which raked in US$ 800 million in the first half of this year.

Economic experts however say the full swing recovery of exports depends on stakeholder commitment to solving challenges affecting exporting companies in terms of the quality of products as well as the purchase of new machinery to increase output.