ZimTrade urges value-added trade

ZimTrade, Zimbabwe’s export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country’s export basket and scale up global value chains.

The country has been a net exporter to the largest economy in Europe since 2013 and over the four-year period to December 2017, it has enjoyed a cumulative trade surplus of $100,9 million, according ZimTrade trade data.

Zimbabwe’s export basket to Germany comprises largely unprocessed tobacco, vermiculite, tea and coffee, cane sugar, raw hides and skins, among others.

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