Zimbabwe: Zimtrade Leads Zimbabwe’s Participation in Zambia Agriculture Show

ZimTrade, the county’s trade development and promotion body, is once again coordinating the participation of Zimbabwean companies in this year’s Zambia Agricultural and Commercial Show (ZACS), to take place in Lusaka from 27 July-1 August.ZACS is a multi-sectoral event, which showcases agricultural machinery and implements, industrial equipment, plastic products, forestry products, livestock, poultry products, horticulture, motor vehicles, trading, financial services, as well as fishing products, among others. In 2015, the event attracted over 1 000 exhibitors from 23 countries, which included: Germany; Israel; Pakistan; China; India; United States of America; Tanzania; Zimbabwe; Mozambique and Ghana, among others.

Participation at this year’s event is aimed at further exposing Zimbabwean products to regional buyers and international buyers as well as to generate export orders. Last year, ZimTrade successfully coordinated the participation of 26 companies in the ZACS Show and deals worth more than US$1 million were clinched.

ZimTrade conducted the Zambian market research in April 2015 to establish the export potential of Zimbabwean products and services. The research identified opportunities in areas such as, among others: mining supplies including protective wear; fashion and corporate wear; construction industry supplies; manufacturing inputs; agricultural implements and inputs; fast moving consumer goods as well as professional services (extension services, artisanal skills and hospitality services).

In addition, the research indicated that Zambia imports about 90 percent of its manufactured goods and, in 2015, the country’s total import bill was $8.4 billion. With an estimated population of 16.2 million, a Gross Domestic Product (GDP) of $22.1 billion and a GDP per capita of US$1 361, Zambia presents a huge potential for expansion of Zimbabwe’s export capacity.

Trade between Zimbabwe and Zambia is governed by the COMESA and SADC Trade Agreements, which offer preferential treatment for qualifying products into each other’s market. Zambia is the fourth largest export destination for Zimbabwean products accounting for 3.3 percent and 3.4 percent of total exports in 2013 and 2014 respectively.

Source: The Herald