Moza team seeks Zim opportunities

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A delegation of selected buyers from Mozambique is set to visit Zimbabwe in November to look for possible business deals with local companies, trade promotions body, ZimTrade has said.

BY OUR BUSINESS REPORTER

The delegation will be in Zimbabwe from November 3 to 5.

In a statement yesterday, ZimTrade said the buyers will visit selected companies in Harare, Bulawayo and Kwekwe depending on their product areas of interest.

“ZimTrade recently conducted a preparatory visit to Tete, Mozambique to mobilise and invite targeted buyers. Some companies and business organisations in Tete expressed interest to do business with Zimbabwean companies and were willing to come to Zimbabwe. ZimTrade will match-make identified buyers with local suppliers for possible business deals,” it said.

The products identified for supply to the Mozambican market include electrical goods and accessories, machinery, engineering, trailers, iron and steel products, cement, clothing both protective and corporate, non-alcoholic beverages, boilers, twine and ropes, conveyor belts, doors and window frames, among other products.

Since 2012, total trade between the two countries increased by 64% to $725 million from $443 million.

Mozambique has been among the fastest growing economies in sub-Saharan Africa with average annual real Gross Domestic Product (GDP) of 8%.

In 2014 Mozambique had a population of 26 million with a GDP of $16 billion and a GDP per capita of $451. This, therefore, provides a lucrative market whose logistical proximity presents tangible advantages for Zimbabwe, ZimTrade said.

“Given that both countries are in Sadc and qualifying products enjoy duty-free entry into either country, there is an opportunity to increase trade between the two countries.

“Additionally, the two countries have an operational bilateral trade agreement, which also gives duty concessions to qualifying products,” ZimTrade said.

ZimTrade is the national trade development and promotion organisation which is a joint venture partnership between the private sector and the government.