Infrastructure key to increased trade
ENHANCING bilateral trade among SADC countries through the development of cross-border infrastructure is a central pillar for achieving sustainable development and shared prosperity across the region, President Mnangagwa has said.
Addressing the opening of the Fourth Session of the Zimbabwe-Botswana Bi-National Commission (BNC) here yesterday, President Mnangagwa said by removing barriers and facilitating the flow of goods and services between member states, SADC will unlock its vast economic potential, improving the lives of its citizens.
“Bilateral trade and reciprocal investment among countries, remain a panacea to regional integration and sustainable economic growth and prosperity,” he said.
“It is gratifying that the Zimbabwe-Botswana Business Forum has been organised as a side event of these meetings in line with our previous directive.
“This will undoubtedly also aid the readiness and ability of our private sectors to effectively participate in the African Continental Free Trade Area (AfCTFA).”
The unrestricted movement of citizens, goods and services, the President said, was an essential cog to stronger economic co-operation.
“In this spirit, the establishment of One Stop Border posts should be expedited.
“The development of cross-border infrastructure projects to increase our economic efficiencies and competitiveness must be pursued with greater vigour and confidence.”
President Mnangagwa highlighted two specific projects — the Plumtree-Ramokgwebana OneStop Border Post and the Ponta Techobanine Railway Line — as key pillars of development that hold immense potential to unlock economic growth.
The proposed Plumtree-Ramokgwebana One-Stop Border Post between Zimbabwe and Botswana aims to streamline customs and immigration procedures at the two countries’ shared border, reducing transit times and associated costs for businesses.
On the other hand, the Ponta Techobanine Railway Line will connect eastern Botswana to Mozambique’s ports, providing an alternative trade route for both countries and boosting regional connectivity.
“The proposed railway line between Botswana, Zimbabwe and Mozambique (known as the Ponta Techobanine Inter-Regional Heavy Haul Railway Project) is highly anticipated for greater rail connectivity in the region,” said the President.
“Investment and cooperation, particularly by our private sectors, must be encouraged in the renewable energy space, more so given the ongoing drive for the modernisation and industrialisation of our economies.
“In Zimbabwe, the power supply has significantly improved following the commissioning of Hwange Power Station Units 7 and 8 as well as increased investment in green energy.
“We look forward to strong synergies in the energy sector.”
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