Uncategorized

Rethink export strategy: Shava

Mthandazo Nyoni ·

FOREIGN Affairs and International Trade minister Frederick Shava says Zimbabwe must expand its export markets to create fresh opportunities.

Official data indicates that Zimbabwe’s exports have been averaging US$4 billion annually, against US$6 billion imports.

Shava, who assumed his new role about a month ago after spending time in the diplomatic service, said on Friday that of major concern was that over 70% of Zimbabwe’s exports were primary commodities that fetched low prices on the international markets.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading