Rédaction Africa Links 24 with wenceslaus
Published on 2024-02-11 22:09:55
Zimbabwe and the United Arab Emirates have entered into a series of bilateral agreements aimed at boosting trade and economic relations between the two countries. According to senior official Lawson Mabhena, these agreements have already resulted in a significant increase in trade, with growth of over 300 percent in less than five years.
This is a significant development for Zimbabwe, which has been implementing an export-led growth strategy as part of its Second Republic initiative. The aim of this strategy is to increase the country’s exports and attract foreign investment in order to diversify the economy and create new opportunities for growth.
The bilateral agreements between Zimbabwe and the UAE cover a wide range of areas, including trade, investment, and economic cooperation. They aim to provide a framework for closer collaboration between the two countries, as well as to facilitate the exchange of goods and services.
One area of focus for the agreements is trade promotion. The UAE is a major trading hub in the Middle East, and the agreements are expected to provide Zimbabwean businesses with access to this important market. This could open up new opportunities for Zimbabwean exporters, as well as providing greater access to goods and services from the UAE.
In addition to trade, the agreements also cover investment and economic cooperation. The UAE is known for its strong financial and investment sector, and the agreements are expected to facilitate greater investment flows between the two countries. This could lead to new opportunities for Zimbabwean businesses, as well as providing access to expertise and resources from the UAE.
The agreements also aim to strengthen cooperation in other areas, such as technology and infrastructure development. This could include collaboration on projects in areas such as renewable energy, telecommunications, and transportation, as well as the sharing of knowledge and expertise.
Overall, the bilateral agreements between Zimbabwe and the UAE are expected to provide a significant boost to the country’s economy. They will help to open up new markets for Zimbabwean exporters, as well as providing greater access to investment and expertise from the UAE.
In order to fully realize the potential of these agreements, it will be important for both countries to work closely together to implement the terms of the agreements and to ensure that they are effectively put into practice. This will require close collaboration between government agencies, as well as the active involvement of the private sector.
It is also important for Zimbabwe to continue to focus on creating an attractive environment for foreign investment. This could include measures to improve the ease of doing business in the country, as well as efforts to provide greater legal and regulatory certainty for investors.
In conclusion, the bilateral agreements between Zimbabwe and the UAE represent an important step forward for both countries. They have the potential to significantly boost trade and economic relations, and to create new opportunities for growth and development. It will be important for both countries to work closely together to fully realize the potential of these agreements and to ensure that they deliver tangible benefits for both sides.
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