Commerce, Trade and Industry Minister Felix Mutati has said Zambiaâ€™s trade surplus is this year expected to reach over US$1.2billion
The country last year recorded a trade surplus of US$1,178.4 million from US$34.6 million 2005.
â€œZambiaâ€™s trade surplus will this year hit over US$1.2 billion,â€ Mr Mutati said in an interview in Lusaka
Mr Mutati said the growth would be fuelled by the favourable macroeconomic environment which has seen the local economy strengthening, with lower inflation rates and real gross domestic growth projected at seven per cent.
He said the increase in copper production, which was expected to reach more than 600, 000 tonnes this year compared to 500,000 last year coupled with increasing production in the non-tradition export category, would drive the growth.
Last yearâ€™s, Zambia trade surplus was because of increased merchandise exports earnings.
This was on account of an increase in the international price of copper to record levels coupled with the buoyant growth in copper exports volumes.
And Mr Mutati said the weak infrastructural capacity in the country was hindering further growth in the countryâ€™s economy.
He said currently the available infrastructure had not marched with the continued pressure put on it by the countryâ€™s growing economy.
â€œObviously, the area of infrastructure needs to be looked at.
Infrastructure, telecommunication, transport, electricity hasnâ€™t improved to march the economic growth,â€ he added.