Africa News Zim keen to export more to Botswana

Zim keen to export more to Botswana

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Source: Zim keen to export more to Botswana | Herald (Business)

Africa Moyo Senior Business Reporter
Government is planning to exploit the warm relations prevailing between Harare and Gaborone to ramp up exports and generate more foreign currency for the country. This article was written by Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu in an interview with The Herald Business yesterday.

Minister Ndlovu's remarks come at a time when Zimbabwe and Botswana are enjoying cordial relations since the coming into office of President Mnangagwa.

Minister Ndlovu said to the "improving relations between ourselves and Botswana", Government wants to explore possibilities of boosting trade volumes between the two countries.

". . . Our discussions (ministers from Botswana and Zimbabwe) will also include possible trade issues because we believe we can do much more than our current levels of trade, "said Minister Ndlovu.

Zimbabwe – Botswana Bi-National Commission (BNC), which will culminate in Presidents Emmerson Mnangagwa and Mokgweetsi Masisi of Botswana, signing several deals tomorrow.

On Monday, Foreign Affairs and International Trade Permanent Secretary Ambassador James Manzou, said the preparatory meetings would finalize the operationalization of almost $ 600 million in facilities for the country's private sector and diamond industry.

The preparatory meetings started Monday and ended yesterday. Minister Ndlovu believes it is high time Zimbabwe took advantage of the good relations between the two neighbors and increased exports.

Trade statistics have been favored in Botswana, despite the fact that Zimbabwe was more industrialized compared to its neighbor.

Minister Ndlovu said he did not have the trade statistics "off-hand", but said, "I can tell you that there is a trade deficit".

"We are importing more than we sell to them (Botswana). It does not make sense because we are more industrialized than them. So it means they have been using South Africa as their preferred provider (of products). I do not have the (trade) figures but I do not have them off-hand.

"But the trade volumes in the last year are compared to the last four years or so, and it is a reflection of the relationship between the two countries.

"When we were looking at it, 2018 was really quite good and we are hopeful at some of these markets," said Minister Ndlovu.

The relations between Zimbabwe and Botswana were literally non-existent during the formation of President Robert Mugabe as he traded barbs with former President Seretse Khama Ian Khama.

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