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64th Zimbabwe International Trade Fair Kicks Off with Global Participation

by Times Reporter
April 24, 2024
in Business, in Southern Africa, Zimbabwe
0
64th Zimbabwe International Trade Fair Kicks Off with Global Participation

The 64th Zimbabwe International Trade Fair (ZITF) commenced in Bulawayo, Zimbabwe’s second-largest city, with fervor and anticipation as exhibitors from 27 countries, including 40 from China, gathered to showcase their products and services. The event, running under the theme of “Innovation: the catalyst to industrialisation  and trade,” promises to be a pivotal moment for fostering business exchanges and exploring new opportunities.

Chinese participation is notably significant, with 40 companies representing a diverse range of industries. Liu Baixue, vice chairperson of the Chamber of Chinese Enterprises in Zimbabwe, highlighted the collaborative nature of the exhibition, stating that Chinese companies are displaying products made in both Zimbabwe and China. The presence of Chinese listed companies’ subsidiaries in Zimbabwe, alongside private Chinese firms, underscores the depth of economic ties between the two nations.

For Chinese exhibitors, the primary objective is to showcase their offerings to Zimbabwean companies and individuals. Liu Baixue expressed confidence in the potential outcomes, stating, “For them to be here, they have the aim of presenting their products and services to the people and companies in Zimbabwe, and I think they will achieve their goal in the next couple of days.”

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Other African nations, such as Malawi, are also leveraging the trade fair to promote their products and forge partnerships. Justin Allan, leading Malawi’s delegation, emphasised the importance of showcasing Malawi’s agricultural products, particularly rice. “We are trying to identify suppliers and distributors for our rice. That’s the chief purpose for our participation in this fair,” he explained. This focus on agricultural products underscores the diverse array of goods and services being exhibited at the ZITF.

Local exhibitors are equally enthusiastic about the opportunities presented by the trade fair. Priscilla Mushonga, a customer liaison officer at Active Marketing International, highlighted the potential for expanding their client base both domestically and internationally. “We have been in touch with a number of foreign countries that would want to partner with us in this business, so we expect more business to come in from foreign countries so that we grow even our client base,” she said.

The ZITF serves as a critical platform for local and international businesses to explore partnerships and investment opportunities. With a rich tapestry of exhibitors from diverse industries, attendees have the chance to engage in fruitful discussions, network, and forge alliances that can drive economic growth.

In addition to business exchanges, the ZITF also opens its doors to the public in its final two days. This provides an opportunity for ordinary citizens to engage with the products and services on display, fostering a deeper understanding of global trade and its impact on local economies.

The 64th edition of the ZITF is a testament to Zimbabwe’s commitment to fostering trade and investment. By embracing the theme of innovation as a catalyst for industrialization and trade, the event underscores the importance of embracing new ideas and technologies to drive economic development.

As the ZITF continues to unfold over the coming days, the international community eagerly watches, anticipating the outcomes of the business exchanges and partnerships forged within its walls. With participants from around the globe, the trade fair is poised to make a significant contribution to shaping the future of trade and investment in the Southern African region and beyond.

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