food reserve, trade

Lungu, Zuma commit to address trade imbalance between Zambia, SA

President Edgar Lungu and his South African counterpart Jacob Zuma have committed to reverse the trade imbalance between the countries. Zambian exports to South Africa stand at US$34 million, while its imports are more than US$2.6 billion.

“We need to scale up efforts to strengthen bilateral relations and South Africa is committed to increase trade and address the trade imbalance with Zambia,” Zuma said during a two-day state visit to Zambia.

Zambia is one of South Africa’s top five trade partners in the Southern African Development Community (SADC) region. Lungu said more Zambian companies must be enabled to operate in South Africa.

“We have been talking about this for years. We must endeavour to remove unnecessary barriers and make it easier to export goods from both sides,” he said.

Meanwhile, the Zambia Association of Manufacturers (ZAM) appealed to South Africa to relax barriers – like entry prerequisites – as a way of addressing the trade imbalance.

The association also wants South Africa to recognise the Zambia Bureau of Standards’ certification of products.

Zambian High Commissioner to South Africa Emmanuel Mwamba urged Zambian producers to take up the challenge of increasing exports to South Africa.

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