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Foreign Trade and Regional Integration

Foreign Trade and Regional Integration

Zimbabwe’s economy is highly dependent on imports of technologies and intermediate goods, as well as on exports of primary commodities (minerals and agricultural raw materials).  The imports of intermediate goods and technologies are about 84% of total merchandise imports, and the exports of primary commodities are about 58 percent of total merchandise exports.  This structure of Zimbabwe’s foreign trade is the result of the underdevelopment of the technology sector of the economy.

ZAPU government, through its strategy of technology development and industrialization of the economy will reduce Zimbabwe’s imports of intermediate goods and technologies.  It will increase the exports of manufactured goods.  An increase in the export of manufactured goods will enable the country to earn more foreign exchange.

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Last modified on Wednesday, 30/08/2017

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