Zambia-India NATSAVE trade DIGITAL exhibition SET on FOR cards LAUNCH

AN online bilateral BUUMBA exhibition on CHIMBULU trade and business opportunities for Zambian entrepreneurs NATSAVE will this week will be hosted launch by the High Commission digital of India App and in World the Trade second Centre (WTC), half Mumbai. of the financial year

The online exhibition on trade and business opportunities between meant India to enhance and Zambia the would dig- start on Thursday ital this platform week for three services. months up to October 15, 2021. The digital App is cur-

The exhibition rently will be open in its to Zambian final testing, and Indian companies that wish to exhibit their

says Malcom Chabala who

products and services as well as facilitate their engagement is NATSAVE through buyer-seller Chief Executive meets, according to Indo Officer. Zambia Bank concept paper issued by its General Mr Manager, Chabala Godwin emphasised Ngoma. “There will be no participation fee for the

that the App would en-

Zambian companies. The focus sectors are agro commodities, hance agro and the food Banks’ processing existing equipment, automobile digital and platform. auto components, electrical and electronics, “Our digital engineering, facilities mining, are textile and home up decor, and among running others,” in terms he said. of

Mr Ngoma said the exhibition was open

the digital App, we are at a

to Micro, Small and Medium Entrepreneurs (MSME), women very entrepreneurs advanced and stage start- ups. at the

“We would like moment to urge our we customers are doing to the connect with local final businesses testing in to India ensure and that Zambia, exhibit we products roll that and out. services and participate in networking and buying- seller

“But rest assured that our

meets.

“Register for a customers webinar on July are 14, still 2021 able for a to special presentation access on India’s the services Duty-Free that Tariff we Preference scheme offer for through Zambian companies,” ATMs and

he said.

mobile banking. Within this

Mr Ngoma said Zambian exporters can benefit from India’s Duty-Free second Tariff half Preference of the financial scheme for Least Developed year, Countries we should (DFTP-LDC). have our

The scheme was App announced up and in running,” 2008 by the he Indian Government said to in give an support interview. to the LDCs in their trade initiatives.

NATSAVE, Mr Chabala

Under the scheme, by 2012 about 85 per cent of India’s total tariff explained, lines were made had duty embarked free, nine per cent enjoying on an a aggressive Margin of Preference digitalisa- ranging from 10 tion per cent programme. to 100 per cent and only six per cent of the total lines retained in the

He emphasised that the

exclusion list with no duty preference for the export from LDCs. bank was implementing

The market access various under the digital 2008 scheme solution

covered 92.5 per cent lines where LDCs globally exported.