Government is making strides in providing an enabling business environment aimed at reducing the cost of doing business through the implementation of various business reforms.
Commerce, Trade and Industry Minister, Margaret Mwanakatwe says an enabling business environment was cardinal to Zambia’s economy as it will help in investor attraction which later leads to the creation of jobs.
Ms. Mwanakatwe added that notable is the ‘Industrialisation and Job Creation Strategy’ launched in 2012 by the Ministry of Commerce , Trade and Industry which is aimed at transforming the industrial sector by creating more than one million jobs in five years.
She said this when she during the official opening of the Business Forum at the 51st Zambia International Trade Fair (ZITF) in Ndola today.
She also disclosed that the Ministry of Commerce, trade and Industry is in the process of reviewing the commercial, Trade and Industrial Policy in order to come up with two separate policy documents among them industrial and the Commercial and Trade policies.
“My Ministry is currently in the process of reviewing the Commercial, Trade and Industrial Policy in order to come up with two separate policy documents namely; the Industrial Policy and the Commercial and trade Policy in line with the international best practices that will ensure that industry and trade issues are comprehensive addressed.
“In this regard, the Ministry has since developed a Zero draft Industrial policy that has since been subjected to stake holder consultative process before finalisation. The review of the trade policy is ongoing and will be completed soon,” she said.
The draft industrial Policy is aimed at enhancing business linkages between the Micro, Small and Medium enterprises and large manufacturing firms through the promotion of value addition to various primary resources the country is endowed with.
The theme for this year’s International Trade Fair is “Prosperity through Business Reforms and Linkages”.
And United Nations (UN), Resident Coordinator, Janet Rogan said there is need to build partnership skills to ensure there is sustainable investment in the country.
“We need to work together with passion, we need to die a little for the betterment of our country”, she said.