Government is concerned with the low contribution of the manufacturing industry to the country’s gross domestic products (GDP) and the formal workforce.
Minister of Commerce, Trade and Industry Margaret Mwanakatwe said the manufacturing sector’s eight percent contribution to the country’s GDP is minimal hence the need to increase it in order to create wealth and
employment for the Zambian people.
Mrs. Mwanakatwe has however reaffirmed government’s commitment to dialogue with all key stakeholders in addressing the various challenges affecting the growth of the manufacturing industry in the country.
She said this in Lusaka today when she officially opened the Zambia Association of Manufacturers’ (ZAM) 29th elective annual general meeting (AGM).
The ZAM annual general meeting is being held under the theme “manufacturing for accelerated structural transformation and sustainable social-economic development”.
And Mrs. Mwanakatwe has implored ZAM to urgently bring on board structural transformation matters that will add value to the growth of the local manufacturing industry in the country.
She said government recognises ZAM as a key driver in accelerating the production of competitive locally made products.
Earlier, outgoing ZAM president Bright Chunga said his association did not perform to the expectations due to various challenges.
Dr. Chunga said there was need to promote competitive access to raw materials by ensuring that the country’s tax policy does not penalize imports of inputs while allowing finished products duty free entry.