THE Zambian business community should strive to penetrate the Angolan market by exporting duty free products, deputy minister of Commerce, Trade and Industry Raymond Mpundu has said.
Mr Mpundu said in an interview that Government expected Zambian businesses to take advantage of the bilateral trade arrangement signed with Angola by exporting duty free products.
“Our anticipation is that now we expect Zambian businesses to warm up to this opportunity which has arisen because it means that now they can find better markets within Angola.
“They can now sell many more quantities of the same products because it is relatively cheaper to get these goods into Angola,” he said. He said the list of duty free products was a 3,000 tariff line which meant that the business community could trade as many products as they could.
“On the 21st of January, the ministry signed bilateral trade agreement with Angola so that what you take there is duty free; what comes in from Angola should come in duty free.
“Previously, trade was going on between the two countries but duty had to be paid on whatever was exported and imported into Zambia,” he said.
Meanwhile, Mr Mpundu said Government had together with COMESA put in place a facility to support the honey sector.
He said the facility was there to support Zambians entrepreneurs and those in the region in the honey sector.
“We have a facility under COMESA which is the enhanced integrated framework. The facility is there to support Zambians and other countries in the region trying to profile the honey sector.
“The resources we have are supportive of sectors like honey to help them with production and processing and improvement so that they are competitive in their market,” he said.
Mr Mpundu said Government would also roll out the same programme for entrepreneurs in other economic sectors.