ZDA keen to support declining NTEs


By Nation Reporter

THE Zambia Development Agency (ZDA) says it is determined to put its footprints on non-traditional exports (NTEs) in its new 2016-2020 strategic plans which have been declining over the years.

ZDA director general Patrick Chisanga said the agency in its new strategic was focussed on growing the NTEs sector from the current 25 percent to at least 35 percent.

Mr Chisanga was speaking at the export dissemination results workshop in Lusaka recently.

“In our strategic plan for the next five years 2016 to 2020, we have set some goals and one of our major goals is to grow the exports sector in NTEs,

“We believe the future of this economy lies in growing the NTEs sector; we have set a goal to raise the percentage of NTEs on our total export figure from the current 25 percent to about 35 percent,” he said.

Mr Chisanga explained the agency’s determination to grow the NTEs sector was because the major part of Zambia’s economy was anchored on copper.

He said statistics showed export earnings for traditional sectors particularly copper and cobalt and others minerals had been going down.

He said Zambia on average exported US$10 billion worth of exports in a good year, which had declined below that figure recently due to certain economic factors.

“On average, Zambia exports about US$10 billion worth of exports in a good year, we have now seen that decline below US$10 billion,

“Over the years, our Government has recognised the importance and the need to diversify the economy and realised the importance of this forum to start looking at NTEs,” he said.

Mr Chisanga said it was important for the agency to continue monitoring the performance of and the growth of the NTEs as they were key factors of the economy.

Categorized | Business

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