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 2010-09-03 05:09 am Back to NEWS
Maintaining trade links vital for Zambia – RB
The Queen Mother of Swaziland, who is commonly known as Her Majesty Indlovukazi of the Swatini Kingdom of Swaziland, leads President Banda into the royal palace grounds at Eludzidzini when the president paid a courtesy call on her in Swaziland. He was accompanied by Zambia’s High Commissioner to Mozambique Agness Ngoma (not in picture), who also paid a courtesy call on Her Majesty. 

President Banda says it is important for Zambia to maintain and improve trade links with other countries in the region and beyond as this will encourage foreign investment in the country, develop new markets for local products and create employment.

This is contained in a statement issued in Lusaka yesterday by special assistant to the President for press and public relations Dickson Jere after the arrival of President Banda from Swaziland where he travelled to attend the 14th annual Common Market for Eastern and Southern Africa (COMESA) summit.

The President said during the few years of his rule, Zambia has attracted almost US$6 billion of investment which is expected to create 103,000 jobs including those in the fields of electronics, alternative energy and telecommunications.

This follows President Banda’s 2008 pledge to turn Zambia into a regional hub with last week’s commissioning of the Zambia-Malawi railway line being one of the recent successes of his plan.

“It is hugely important for Zambia to maintain good trade links with other countries in the region and the world. By improving trade, we will encourage foreign investment in Zambia and develop new markets for our products and crops, bringing more jobs and prosperity to all Zambians,” he said.

The theme of the COMESA summit was ‘Harnessing science and technology for development’.
Zambia is currently working towards improving its telecommunications services seen in the recent privatisation of Zamtel.

While in Swaziland, President Banda held numerous discussions with other heads of state with the aim of enhancing economic stability and prosperity in Zambia and the region as a whole.

The President took part in debates about trade with the European Union and called for increased co-operation with the East African Community and the Southern African Development Community of which Zambia is a member.

COMESA was formed in 1994 as a trade bloc and currently has a membership of 19 countries with a combined population of more than 400 million people.
The aim of the organisation is to achieve sustainable economic prosperity through regional integration.

Other members are The Comoros, Djibouti, Zimbabwe, Seychelles, Libya, Rwanda, Kenya, Uganda, Mauritius, Ethiopia, the Democratic Republic of Congo, Swaziland, Malawi, Eritrea, Sudan, Madagascar, Egypt and Burundi.


Zambia Daily Mail

 
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