ZimTrade/ CZI forge partnership

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THE CONFEDERATION of Zimbabwe Industries (CZI) has partnered with ZimTrade to commission an export manufacturing capacity survey expected to be completed next month as part of efforts to revive the sector.

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In a joint statement yesterday, the two business lobby organisations said they would be conducting a survey on the state and capacity of the Zimbabwe export manufacturing sector with results of the study expected to be released next month.

“ZimTrade in collaboration with CZI, will be conducting a survey on the state and capacity of the Zimbabwe manufacturing sector,” part of the statement reads.

“To this end trade development experts have been commissioned to engage current and potential manufacturing exporters.”

The survey is expected to investigate the challenges besetting the export sector which are rendering it uncompetitive as well as recommend appropriate policies and incentives necessary for global competitiveness of the manufacturing sector in the country.

The study is also anticipated to establish the quality and competitiveness of various manufactured goods including the production capacity, products for exports, packaging and pricing, among other things.

ZimTrade and CZI said the objective of the survey was also to provide authentic and up-to-date data and information necessary for the implementation of sector specific pro-export strategies as well as advocating for effective policy and regulatory interventions for the growth of valued added exports.

The country continues to be an importer of goods as local industry continues to struggle to meet local demand largely due to depressed capacity utilisation.

Erratic power supplies, lack of working capital and antiquated machinery have largely contributed to industry’s depressed capacity utilisation.

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