President Edgar Lungu will tomorrow be among Heads of State that will attend the inauguration of Ugandan President Yoweri Kaguta Museveni.
While in Uganda, President Lungu will also engage President Museveni in trade talks under the Comesa Region umbrella and trade structures.
Foreign Affairs Minister Harry Kalaba revealed this in a statement.
Mr Kalaba said Zambia seeks to deepen economic diplomacy with Uganda as it recognizes the need to understand new topics in international trade and new forums of economic diplomacy as envisaged by trade groupings like Comesa to which both Zambia and Uganda belong.
“In recent years, the Comesa Region has continued to achieve growth rates of around 5%, well above the world average of around 2%. The region, however, still relies heavily on the production of primary products such as tobacco and groundnuts with big investments of capital intensive extractive industries concentrated only in a few countries,” Mr Kalaba said.
Mr Kalaba said there is a strong need and opportunity for the Region to embark on a wider diversification from production of primary products to non-primary and preferably processed products if the Region is to realise continued upward growth trends.
“Such diversification will lead to job creation, partly solving the unemployment problem that the region experiences. Thus our President’s talks with his colleague in Uganda will seek to draw sharp focus on ways in which our two countries can derive maximum benefit from the Comesa Region trade structures and further enhance our unique comparative advantages so as to create jobs for our two peoples.”
Meanwhile, President Lungu is also scheduled to undertake a State Visit to Saudi Arabia on 16th May 2016.
The trip is at the invitation of His Majesty King Sulman Bin Abdullaziz Al Saudi and Custodian of the two Most Holy Mosques of the Kingdom of Saudi Arabia to explore trade links with that Kingdom and open the Middle East corridor which has remained largely unexplored.