Zimbabwe gets endorsement as safe investment destination

By Yolanda Moyo

Diplomats who attended the second edition of the Diplomats Forum held on the sidelines of the Zimbabwe International Trade Fair (ZITF) have pledged to support the country’s economic recovery efforts through continued dialogue and collaboration.

Buttressing the government’s economic diplomacy drive, top envoys who attended the forum held at the ZITF this Thursday, vowed to work closely with Zimbabwe in transforming livelihoods.

“A trade fair will definitely strengthen our effort to widen our economic diplomacy and through this ZITF Diplomatic Forum we put our efforts together not only to support to promote the export of Zimbabwe, but also we international community is working together to invest or to increase our investment to produce in Zimbabwe.

“So at the end of the day, we together are able again increase export value of Zimbabwe particularly through the implementation of African Continental Free Trade Area. By participating at ZITF, we are strengthening our contribution to the connection, engagement and re-engagement of Zimbabwe to the global economy,” said Ambassador Dewa Juniarta Sastrawan, Indonesia’s Ambassador to Zimbabwe.

The diplomats described the country as a safe investment destination after they were impressed by the upsurge in the number of exhibitors at the fair. 

“This year, l was surprised with the difference we saw from 2019. A lot of exhibitors brought very much advanced products. Our experience that we have here shows that you can come here and work with the government of Zimbabwe as it is very reliable. We started to confirm our relations, second stage of our bilateral relations and we will supply more trucks to Zimbabwe and this says for itself,” said Ambassador Alexander Sidoruk, Belarus’ Ambassador to Zimbabwe.

In his remarks, the Minister of Foreign Affairs and International Trade, Ambassador Fredrick Shava noted that government is also looking for long- term private and public financing at competitive interest rates for on lending to industry.

“The Second Republic has made great strides in mending relations with those we disagreed with in the past through dialogue. Today represents another opportunity for us to engage, re-engage and reaffirm our relations. However, the whole engagement and re-engagement process should be done on the principle of equity and mutual respect. In addition to FDI and markets, the Government is also looking for long- term private and public financing at competitive interest rates for on lending to industry,” said Ambassador Shava.

The forum was held under the theme: ‘Advancing Economic Diplomacy for National Development,’ which is in line with the Second Republic’s Vision of a Zimbabwe that is a ‘Friend to All and Enemy of None.’