BITC’s participation in this year’s Zimbabwe International Trade Fair (ZITF) held in Bulawayo from 28th April to the 2nd May 2015 paved way for 17 locally based companies to export their products and services to Zimbabwe. Participating companies were drawn for various sectors such as motor oil lubricants, cooking oil production, Botswana universities, electrical cables, travel and tours, kitchen fittings, window and door manufacturing, textiles and clothing. As at the end of 2013, Zimbabwe’s exports totaled US$3.5 billion while imports amounted to US$7.7 billion giving a trade deficit of US$4.2 billion.
Zimbabwe’s proximity to Botswana makes it a key market for Botswana companies. Botswana has a bilateral trade agreement with Zimbabwe which enables local companies to obtain preferential market access rates provided their goods meet the minimum 25% local content requirement.