The Millers Association of Zambia-MAZ says government will no longer lose revenue in uncollected taxes following the signed agreement for the exportation of 600,000 metric tonnes of Maize in the 2010 2020 farming season.
Speaking in an interview with Money FM News, Association President Andrew Chintala said government has been losing revenue in uncollected taxes as a result of informal trade that has been happening between the two countries.
Mr Chintala said the signed agreement will stimulate maize growth in the country in an effort to meet the export.
Mr Chintala has since urged farmers in the country to grow more maize in the 2019-2020 farming season.
Yesterday Agriculture Minister Michel Katambo announced that government will export about 600,000 metric tonnes of Maize and mealie meal to the Democratic Republic of Congo DRC in the 2019-2020 farming season.
Speaking at the signing of memorandum of understanding between Zambia and the democratic Republic of Congo, Mr Katambo said the agreement is a demonstration to finalize trade in the Agricultural sector between the two countries that has been informal for a long time.
“The agreement will create opportunities for Zambia to expand trade for maize and mealie meal and 13 additional products to the Democratic Republic of Congo” He said.
The Agricultural minister said the agreement will also ensure a world structure trade regime in maize and other commodities.
And Minister of Commerce Trade and industry Christopher Yaluma noted that the signed memorandum of understanding will enhance bilateral trade between Zambia and Congo DRC which will result in economic development for the citizenry in the two countries.