Categories: Education

Govt addressing trade imbalance between Zambia, South Africa

The Ministry of Commerce Trade and Industry says they are putting in place measures to ensure that there is a balance of Trade between Zambia and South Africa.
This follows concerns that Zambia imports more than it exports to that country and therefore creating unfair trade between the two countries.
Commerce Trade and Industry Permanent Secretary Kayula Siame says her ministry is engaging various local Manufacturers on increasing their production capacities through various quality infrastructure that is in Place.
She says in an interview that this is why standards agencies such as the Zambia Metrology Agency, the Zambia Compulsory Standards Agency and the Zambia Bureau of Standards are in place.
Ms. Siame says the ministry is also working on increasing technical and financial support to local manufacturers and says it is a long-term measure that the ministry has given a lot of priority to.
The P.S says they are also trying to Increase industrial Base in the manufacturing Sector to this effect.
Data of the November 2018 international Trade indicates that Zambia exported 4.5 percent worth of goods to south Africa while total imports from that country were at 33.3 percent in the same month.

___________________________________________________________________________

MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE.

_____________________________________________________________________________

More From Author

Marketing Like A Prostitute

Ndiili Kunda and Michael Mulusa have an interesting conversation on hands-on marketing with Edwin Ngwane…

Read More

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stakeholders call for inclusion of children with Autism in education system

There is no effort to include children with Autism in the current Education system. Government…

Read More

Zambia signs two Financing Agreements with EU, worth 110 million Euros

Government has increased funding to education from 8 percent to 14 percent. The EU has…

Read More

Audit findings reveal abuse of school grants totaling over K356 million

The audit was undertaken by the Internal Audit Division and it covered the period 1st…

Read More