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Mnangagwa ready for new era of relations
22 Sep 2018 at 07:21hrs | Views
President Emmerson Mnangagwa says Zimbabwe stands ready to enter a new era of relations with the United States of America and pursue economic cooperation and further re-ignite mutually beneficial trade and economic cooperation between the two countries and their people.
Addressing a Zimbabwe Investment Forum in New York yesterday afternoon, President Mnangagwa said the onus is on the private sectors of the two countries to complement government efforts following the invitation and various efforts that are being made to create an environment that is attractive to business.
The Zimbabwe Business Investment Forum is a follow-up to an earlier one held this year by Reserve Bank governor Dr John Mangudya the then finance minister Patrick Chinamasa and Foreign Affairs and International Trade Minister Dr Sibusiso Moyo to give business in the United States to familiarise with what Zimbabwe can offer to the investor.
"The new administration in Zimbabwe is determined to build a new open and prosperous Zimbabwe by pursuing a robust engagement and re-engagement policy with all members of the international community for mutually beneficial outcomes," President Mnangagwa said.
He said Zimbabwe stands ready to enhance and improve economic relations as well as welcome investments from the United States and the attendance of the president of the forum is timely as Zimbabwe seeks to rebuild its economy.
He explained that Zimbabwe is in a bold course to modernise and industrialise every sphere of the country through a vibrant private sector led economic recovery with the key tenets of its recovery agenda being to include sweeping and comprehensive reforms which foster an investment friendly environment that promotes and protects private enterprise and improves ease and cost of doing business and reduces the country's risk perception and creates employment and enhance accountability.
President Mnangagwa also explained to the American business people his vision to become a middle income economy with a per capita income of about $3 500 saying foreign direct investment will play a major role in the attainment of this vision hence Cde Mnangagwa's invitation for investors.
"The growth of trade and investment is expected to drive Zimbabwe's development agenda," he said.
The President said as part of Zimbabwe's ongoing economic reform measure the country will continue to guarantee the protection of private property rights and will equally observe bilateral investment promotion and protection agreements Bilateral Investment Promotion and Protection Agreements (Bippas).
Addressing a Zimbabwe Investment Forum in New York yesterday afternoon, President Mnangagwa said the onus is on the private sectors of the two countries to complement government efforts following the invitation and various efforts that are being made to create an environment that is attractive to business.
The Zimbabwe Business Investment Forum is a follow-up to an earlier one held this year by Reserve Bank governor Dr John Mangudya the then finance minister Patrick Chinamasa and Foreign Affairs and International Trade Minister Dr Sibusiso Moyo to give business in the United States to familiarise with what Zimbabwe can offer to the investor.
"The new administration in Zimbabwe is determined to build a new open and prosperous Zimbabwe by pursuing a robust engagement and re-engagement policy with all members of the international community for mutually beneficial outcomes," President Mnangagwa said.
He said Zimbabwe stands ready to enhance and improve economic relations as well as welcome investments from the United States and the attendance of the president of the forum is timely as Zimbabwe seeks to rebuild its economy.
He explained that Zimbabwe is in a bold course to modernise and industrialise every sphere of the country through a vibrant private sector led economic recovery with the key tenets of its recovery agenda being to include sweeping and comprehensive reforms which foster an investment friendly environment that promotes and protects private enterprise and improves ease and cost of doing business and reduces the country's risk perception and creates employment and enhance accountability.
President Mnangagwa also explained to the American business people his vision to become a middle income economy with a per capita income of about $3 500 saying foreign direct investment will play a major role in the attainment of this vision hence Cde Mnangagwa's invitation for investors.
"The growth of trade and investment is expected to drive Zimbabwe's development agenda," he said.
The President said as part of Zimbabwe's ongoing economic reform measure the country will continue to guarantee the protection of private property rights and will equally observe bilateral investment promotion and protection agreements Bilateral Investment Promotion and Protection Agreements (Bippas).
Source - zbc
