info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Zimbabwe government is developing and implementing strategies to overturn unsustainable trade imbalance as it forges ahead with its efforts to make Zimbabwe an export-oriented economy, President Emmerson Mnangagwa has said.
Addressing delegates attending ZimTrade Exporters' conference held in Harare last week, Mnangagwa said the country’s trade imbalances were unsustainable and should be corrected.
“Zimbabwe’s unsustainable trade imbalance is a contributing factor to the prevailing foreign currency shortages. To arrest this situation, we are developing and implementing strategies to overturn the gap and make Zimbabwe an export-oriented economy,” Mnangagwa said.
“Government is aware of the challenges that threaten to undermine the viability of our productive sectors.Key among these is the issue of foreign currency shortages.This is affecting retooling and procurement of critical raw materials.”
Mnangagwa said government was currently engaging multilateral institutions for lifeline support, whilst implementing long-term strategies to resolve the recurrent problem.
