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EU shows will to increase investment in Zimbabwe

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Wednesday, 04 April 2012

EU shows will to increase investment in Zimbabwe

As the EU has announced its willingness to increase trade and investment relations with Zimbabwe, it has urged the country to take advantage of the bloc’s support for the Common Market for East and Southern Africa (COMESA), to which the EU is providing technical assistance with the aim of reinforcing regional integration.
Accordingly, the EU Ambassador to Zimbabwe, Aldo Dell’Ariccia, has recalled that the bloc was working towards attracting European investment to Zimbabwe.
It is worth remembering that last week, the Zimbabwean government launched the Industrial Development Policy (IDP) and the National Trade Policy to increase the country’s export competitiveness. A key objective of this recently launched trade policy is to promote the diversification of the country’s export basket by harnessing comparative advantage in key priority sectors.
The policy also targets to increase export earnings by 10% annually to US$7 billion by 2016 from the US$4,3 billion recorded last year.

Source: ACP