Reducing export time can grow GDP 2-4%: ZimTrade

TRADE promotion body, ZimTrade, says reducing the amount of time it takes to export by at least 10 days would result in gains to the gross domestic growth rates of 2 to 4%.

This comes as the cumulative deficit, since the beginning of the year, stood at $1,8 billion at the end of August.

Speaking at the Maximising Competitive Advantage to Drive Export-Led Growth conference in Harare yesterday, ZimTrade chief executive officer, Sithembile Pilime said there was need to reduce documentation to allow for only relevant and efficient regulations to be in place.

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