Business - Featured - Local - April 22, 2021

Gvt to establish 25 new export markets

Tendai Bhebe (Bulawayo Correspondent)

The Government is set to establish twenty-five new export markets and facilitating one hundred trade investment missions in a bid to improve international relations.

Presenting a post Cabinet briefing on Tuesday, Minister of Information, Publicity and Broadcasting Services, Monica Mutsvangwa said the Cabinet considered and approved the final Ministerial Action Plan that is compliant with the( NDS1) that was presented by the Ministry of Foreign Affairs and International Trade.

“Cabinet considered and approved the final Ministerial with the National Development Strategy 1:2021-2025, which was presented by the Minister of Foreign Affairs and International Trade,” she said.

Minister Mutsvangwa said the Ministry seeks to protect the interests and safety of the Zimbabwean diaspora.

” The Ministry’s mission is to promote the political and socio-economic interests, the image and influence of Zimbabwe in the international community. It also seeks to protect the interests and safety of the Zimbabwean diaspora.

The deliverables of the Plan include the following: appointment of eight honourary consuls during the five-year period; establishment of twenty-five new export markets and facilitating one hundred trade investment missions; and improving international relations,”she said.

She added :”Through such undertakings as signing of 150 cooperation agreements and twenty-six Bilateral Investment Promotion and Protection Agreements (BIPPAs).”

She said the country’s image will be improved through the planned 650 public diplomacy and visibility initiatives both locally and internationally.

” The country’s image will be improved through the planned 650 public diplomacy and visibility initiatives both locally and internationally, including press releases, holding regular briefings with diplomats accredited to Zimbabwe, and delivering lectures at universities and other key national institutions.

“In line with the decentralization and devolution thrust, the Ministry is in the process of establishing two provincial offices in Bulawayo and Victoria Falls, “said Minister Mutsvangwa .

Growing exports is also expected to improve the balance of trade position by at least 10 percent annually, and help improve Zimbabwe’s ranking on the World Bank’s Trading Across Borders Distance to Frontiers Index from 54,34 percentage points in 2018 to 65 percentage points in 2023 and 75 percentage points in 2030.

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