The Zimbabwe International Trade Fair (ZITF) opened in Bulawayo, the country’s second largest city, on Tuesday with Zimbabwe’s largest trade partner, South Africa trailing behind China which is this year’s largest foreign exhibitor at the trade fair.
China occupies 1,061m² of space, nearly a 40% increase from the 600m² it had last year. South Africa exhibitors, led by Deputy Minister of Trade and Industry Elizabeth Thabethe, have taken up 800m² of exhibition space — the same as last year.
Figures released by the Department of Trade and Industry indicate that despite Zimbabwe’s uncertain economic environment, South African firms over the past three years have been able to lap up lucrative deals from the five-day trade fair, which is due to end on Saturday. Deals sealed from the fair by South African companies amounted to R6.6m in 2011, R7.1m in 2012 and R55.6m in 2013.
Zimbabwe Industry, Trade and Commerce Minister Michael Bimha said on Tuesday that this year’s fair would provide a platform for potential investors interested in Zimbabwe to network, explore new markets and sources of investment and technology transfers. READ MORE
Source: BusinessDay
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