By Davison Vandira
ZIMBABWE and the United Arab Emirates (UAE) trade statistics have risen from US$300 million to almost US$2 billion on the back of the Second Republic’s engagement and re-engagement agenda.
As a follow-up exercise to the Expo 2020 Dubai where Zimbabwe successfully exhibited, the country’s trade promotion body, ZimTrade invited the United Arab Emirates Chamber of Commerce to interact with the country’s exporters in Harare this Tuesday.
Trade between the two countries has exponentially grown over the past four years, with 10 percent of Zimbabwe’s exports in 2021 being accounted for by the UAE.
Deputy Minister of Foreign Affairs and International Trade Honourable David Musabayana is elated by the UAE market’s approval of the country’s range of products, particularly agro-processed foods.
“The trade statistics between Zimbabwe and UAE are a testimony of how the country’s re-engagement agenda has been received by the world and its now time to solidify those gains by continuing with this trajectory,” he said.
ZimTrade Chief Executive Officer Mr Allan Majuru is satisfied with the fruits of market surveys his organisation carried out to drive value in the UAE market, especially for the horticultural sector.
“Zimbabwean exporters who can create solid markets in UAE will likely increase their earnings as Dubai is currently the gateway to the rest of the world,” noted Majuru.
The Director for International Offices of Dubai Chamber of Commerce, Mr Omar Abdulaziz Khan noted Zimbabwe’s comparative advantage in agro-based products.
“UAE is largely a desert and imports most of its products from New Zealand and Australia which are far destinations than Zimbabwe and this should be a rallying point for the country to increase its export base sustainably,” said Khan.
With Zimbabwe targeting to attain an upper middle income society by 2030, trade will be central to the achievement of set targets.