Zimbabwe's Mnangagwa urges nation to deepen export culture

Source: Xinhua| 2019-10-18 00:11:36|Editor: huaxia
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HARARE, Oct. 17 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa on Thursday urged the nation to deepen the culture of producing for export to boost the country's foreign currency earnings.

He also stressed the need for the country to increase diversified exports of value-added goods and services as opposed to the present reliance on exportation of primary products.

The president was speaking at ZimTrade's annual exporters' conference in the second city of Bulawayo.

"There is an urgent need for both the public and private sectors to synergize our efforts and collectively take appropriate steps to boost our country's exports, which is the most sustainable way to stabilize and grow our economy," he said.

All producers, including women, youths and small and medium enterprises need to fully participate in the country's export drive, he said.

"The culture of producing for export needs to be inculcated amongst all producers and in particular small and medium enterprises," he said.

The call by the president for increased exports came at a time when Zimbabwe has faced perennial trade deficits due to low productivity and challenges in accessing certain markets due to Western sanctions.

The trade deficits have resulted in the country facing persistent foreign currency shortages that have spawned shortages of essential commodities such as fuel, electricity and medical drugs. Enditem